Iowa State Bank Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Iowa State Bank lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 24.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 25,413 shares of the basic materials company’s stock after selling 8,158 shares during the period. Iowa State Bank’s holdings in DuPont de Nemours were worth $2,265,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mediolanum International Funds Ltd purchased a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $2,842,000. Red Mountain Financial LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at approximately $980,000. Beacon Financial Group purchased a new position in DuPont de Nemours in the 4th quarter valued at approximately $2,310,000. Sequoia Financial Advisors LLC boosted its position in DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after buying an additional 28,553 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in DuPont de Nemours by 9.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock valued at $42,953,000 after buying an additional 53,694 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $86.53 on Friday. The company’s fifty day moving average price is $82.60 and its 200 day moving average price is $79.98. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The firm has a market capitalization of $36.14 billion, a P/E ratio of 56.93, a P/E/G ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the business earned $0.85 EPS. DuPont de Nemours’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DD has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Citigroup reduced their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $88.00 to $84.00 in a report on Monday, October 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.91.

DuPont de Nemours 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.