Premier Path Wealth Partners LLC Has $1.32 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Premier Path Wealth Partners LLC grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,276 shares of the basic materials company’s stock after purchasing an additional 722 shares during the period. Premier Path Wealth Partners LLC’s holdings in DuPont de Nemours were worth $1,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DD. Merit Financial Group LLC grew 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 valued at $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Butensky & Cohen Financial Security Inc. boosted its holdings in shares of DuPont de Nemours by 0.5% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 58,094 shares of the basic materials company’s stock valued at $4,430,000 after buying an additional 302 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of DuPont de Nemours by 5.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,995 shares of the basic materials company’s stock valued at $228,000 after buying an additional 156 shares in the last quarter. Avanza Fonder AB bought a new stake in DuPont de Nemours during the fourth quarter worth $3,307,000. Finally, Ritholtz Wealth Management lifted its stake in DuPont de Nemours by 17.4% in the fourth quarter. Ritholtz Wealth Management now owns 2,998 shares of the basic materials company’s stock valued at $229,000 after acquiring an additional 445 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DD. BMO Capital Markets dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday. Finally, Citigroup cut their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Price Performance

Shares of DD opened at $77.50 on Friday. The business has a 50-day simple moving average of $79.53 and a two-hundred day simple moving average of $81.39. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The stock has a market cap of $32.39 billion, a PE ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate 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 revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal 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.