Tokio Marine Asset Management Co. Ltd. Grows Stake in DuPont de Nemours, Inc. (NYSE:DD)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,249 shares of the basic materials company’s stock after purchasing an additional 305 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in DuPont de Nemours were worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DD. Quarry LP purchased a new stake in shares of DuPont de Nemours during the second quarter worth about $37,000. Sanctuary Advisors LLC purchased a new stake in DuPont de Nemours during the 2nd quarter valued at about $3,609,000. Quent Capital LLC grew its stake in DuPont de Nemours by 31.0% during the 3rd quarter. Quent Capital LLC now owns 698 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 165 shares in the last quarter. Czech National Bank grew its stake in DuPont de Nemours by 6.7% during the 3rd quarter. Czech National Bank now owns 85,048 shares of the basic materials company’s stock valued at $7,579,000 after acquiring an additional 5,374 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in DuPont de Nemours by 74.3% during the 3rd quarter. GAMMA Investing LLC now owns 9,290 shares of the basic materials company’s stock valued at $828,000 after acquiring an additional 3,960 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $76.04 on Tuesday. The firm has a market cap of $31.78 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $61.20 and a 52-week 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 company’s 50 day moving average is $78.28 and its two-hundred day moving average is $81.18.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on DD shares. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Citigroup decreased 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 target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets decreased 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, January 16th. One 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’s stock. According to data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.