Orca Wealth Management LLC Acquires New Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Orca Wealth Management LLC bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,469 shares of the basic materials company’s stock, valued at approximately $569,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the third quarter valued at approximately $39,000. Quarry LP bought a new stake in DuPont de Nemours during the second quarter worth approximately $37,000. Finally, True Wealth Design LLC lifted its position in DuPont de Nemours by 2,378.9% in the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 452 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. BMO Capital Markets cut their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays increased their target price on shares of 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 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock 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 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 $31.88 billion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 1.70 and a beta of 1.35. The business has a fifty day simple moving average of $78.81 and a 200-day simple moving average of $81.31.

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