Asset Dedication LLC Reduces Position in DuPont de Nemours, Inc. (NYSE:DD)

Asset Dedication LLC trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 11.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,060 shares of the basic materials company’s stock after selling 2,829 shares during the period. Asset Dedication LLC’s holdings in DuPont de Nemours were worth $1,682,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. State Street Corp grew its stake in DuPont de Nemours by 2.4% in the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after purchasing an additional 399,728 shares in the last quarter. Geode Capital Management LLC grew its stake in DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after purchasing an additional 100,198 shares in the last quarter. Franklin Resources Inc. grew its stake in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in DuPont de Nemours by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after purchasing an additional 39,189 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in DuPont de Nemours by 22.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock worth $176,147,000 after purchasing an additional 365,796 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $76.28 on Wednesday. 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 $31.88 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 1.70 and a beta of 1.35. The stock’s 50 day moving average price is $78.81 and its 200 day moving average price is $81.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results 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. 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 for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

DD has been the subject of a number of research reports. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. BMO Capital Markets decreased their target price on 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. Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, Barclays lifted 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. One investment 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’s stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

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.