Byrne Asset Management LLC Takes Position in DuPont de Nemours, Inc. (NYSE:DD)

Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 380 shares of the basic materials company’s stock, valued at approximately $29,000.

Other large investors have also bought and sold shares of the company. Cidel Asset Management Inc. boosted its stake in shares of DuPont de Nemours by 5.7% during the fourth quarter. Cidel Asset Management Inc. now owns 5,693 shares of the basic materials company’s stock valued at $434,000 after purchasing an additional 309 shares during the period. Appleton Partners Inc. MA bought a new stake in DuPont de Nemours during the 4th quarter valued at $2,045,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at $33,000. Leo Wealth LLC grew its holdings in DuPont de Nemours by 1.6% in the 4th quarter. Leo Wealth LLC now owns 10,263 shares of the basic materials company’s stock worth $783,000 after acquiring an additional 157 shares during the last quarter. Finally, Choreo LLC raised its stake in shares of DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after acquiring an additional 8,205 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DD shares. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company 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 on the stock in a report on Thursday, January 16th. Finally, Citigroup decreased their price objective on shares of 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, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

DuPont de Nemours Stock Performance

Shares of DD opened at $75.76 on Friday. 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 $31.66 billion, a P/E ratio of 39.87, a P/E/G ratio of 1.68 and a beta of 1.34. The business’s 50 day moving average price is $77.72 and its 200-day moving average price is $81.08. DuPont de Nemours, Inc. has a 52 week low of $65.93 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping 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 business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research 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.