Independence Bank of Kentucky Boosts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Independence Bank of Kentucky lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 34.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,289 shares of the basic materials company’s stock after acquiring an additional 1,095 shares during the quarter. Independence Bank of Kentucky’s holdings in DuPont de Nemours were worth $327,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Merit Financial Group LLC lifted its stake in DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of 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. boosted its holdings in DuPont de Nemours by 4.6% during 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 period. Oppenheimer & Co. Inc. grew its position in DuPont de Nemours by 38.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock worth $3,215,000 after acquiring an additional 10,012 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in DuPont de Nemours in the 3rd quarter worth approximately $677,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD stock opened at $76.81 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The stock has a market cap of $32.10 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 1.67 and a beta of 1.35. The business’s fifty day moving average is $78.45 and its 200 day moving average is $81.22. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06.

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

Wall Street Analyst Weigh In

DD has been the topic of several recent analyst reports. Citigroup cut their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company boosted 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 upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. Morgan Stanley boosted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Barclays increased their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.