DuPont de Nemours, Inc. (NYSE:DD) Stake Cut by Hartford Investment Management Co.

Hartford Investment Management Co. lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.9% during the 4th quarter, HoldingsChannel reports. The fund owned 25,824 shares of the basic materials company’s stock after selling 499 shares during the period. Hartford Investment Management Co.’s holdings in DuPont de Nemours were worth $1,969,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Gladstone Institutional Advisory LLC boosted its holdings in shares of DuPont de Nemours by 168.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 37,767 shares of the basic materials company’s stock worth $2,880,000 after purchasing an additional 23,677 shares during the period. Capital Advisors Inc. OK lifted its position in DuPont de Nemours by 4.5% in the 4th quarter. Capital Advisors Inc. OK now owns 6,163 shares of the basic materials company’s stock worth $470,000 after buying an additional 265 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at $60,000. Essex Financial Services Inc. grew its holdings in shares of DuPont de Nemours by 47.1% during the 4th quarter. Essex Financial Services Inc. now owns 10,390 shares of the basic materials company’s stock valued at $792,000 after acquiring an additional 3,328 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in shares of DuPont de Nemours by 4.2% during the fourth quarter. Summit Trail Advisors LLC now owns 17,414 shares of the basic materials company’s stock worth $1,328,000 after acquiring an additional 709 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $85.00 to $89.00 in a research note on Thursday. Wells Fargo & Company dropped their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets raised their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours Stock Up 3.0 %

DuPont de Nemours stock opened at $84.20 on Friday. The firm has a market cap of $35.19 billion, a price-to-earnings ratio of 44.31, a P/E/G ratio of 1.70 and a beta of 1.34. The firm has a fifty day moving average price of $77.58 and a two-hundred day moving average price of $81.11. DuPont de Nemours, Inc. has a fifty-two week low of $66.60 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. As a group, analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.