UMB Bank n.a. Purchases 833 Shares of DuPont de Nemours, Inc. (NYSE:DD)

UMB Bank n.a. lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 12.7% in the fourth quarter, HoldingsChannel reports. The fund owned 7,380 shares of the basic materials company’s stock after buying an additional 833 shares during the period. UMB Bank n.a.’s holdings in DuPont de Nemours were worth $563,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Zurich Insurance Group Ltd FI bought a new stake in DuPont de Nemours during the 2nd quarter worth about $83,540,000. Assenagon Asset Management S.A. grew its position in shares of DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after buying an additional 859,333 shares during the period. Franklin Resources Inc. raised its stake in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares during the last quarter. Zacks Investment Management acquired a new position in DuPont de Nemours in the third quarter valued at approximately $42,810,000. Finally, Two Sigma Advisers LP boosted its stake in DuPont de Nemours by 48.3% in the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after acquiring an additional 461,400 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $78.43 on Wednesday. The company has a fifty day moving average price of $79.33 and a 200 day moving average price of $81.41. The firm has a market cap of $32.78 billion, a PE ratio of 41.28, a PEG ratio of 1.69 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Barclays increased their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Citigroup reduced their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Finally, BMO Capital Markets lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.