Klingenstein Fields & Co. LP Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Klingenstein Fields & Co. LP raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 254,240 shares of the basic materials company’s stock after buying an additional 322 shares during the period. Klingenstein Fields & Co. LP owned about 0.06% of DuPont de Nemours worth $19,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $29,000. Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours during the fourth quarter worth $33,000. R Squared Ltd bought a new position in shares of DuPont de Nemours during the fourth quarter worth $37,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours during the third quarter worth $38,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 3.0 %

DD stock opened at $84.20 on Friday. The company has a market capitalization of $35.19 billion, a PE ratio of 44.31, a P/E/G ratio of 1.70 and a beta of 1.34. DuPont de Nemours, Inc. has a 12 month low of $66.60 and a 12 month high of $90.06. The firm’s 50-day moving average is $77.58 and its 200 day moving average is $81.11. 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, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday. Citigroup upped their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday. Wolfe Research upgraded shares of 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 report on Friday, January 17th. Finally, Wells Fargo & Company lowered their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.75.

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.