OLD National Bancorp IN Trims Stake in DuPont de Nemours, Inc. (NYSE:DD)

OLD National Bancorp IN lowered its stake in DuPont de Nemours, Inc. (NYSE:DD) by 47.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,790 shares of the basic materials company’s stock after selling 25,367 shares during the quarter. OLD National Bancorp IN’s holdings in DuPont de Nemours were worth $2,119,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Merit Financial Group LLC raised its holdings in DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after acquiring an additional 4,939 shares during the last quarter. Jennison Associates LLC raised its holdings in DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after acquiring an additional 9,730 shares during the last quarter. Principal Financial Group Inc. raised its holdings in DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after acquiring an additional 21,435 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after acquiring an additional 10,012 shares during the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in DuPont de Nemours in the 4th quarter valued at $249,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DD. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. BMO Capital Markets decreased their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. Finally, Citigroup decreased their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $76.59 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company’s 50-day simple moving average is $78.58 and its 200-day simple moving average is $81.25. The stock has a market capitalization of $32.01 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 1.70 and a beta of 1.35.

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

About DuPont de Nemours

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.