Crossmark Global Holdings Inc. Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Crossmark Global Holdings Inc. raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.5% during the 4th quarter, Holdings Channel reports. The fund owned 190,397 shares of the basic materials company’s stock after purchasing an additional 2,755 shares during the period. Crossmark Global Holdings Inc.’s holdings in DuPont de Nemours were worth $14,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Jennison Associates LLC boosted its holdings in DuPont de Nemours by 2.0% in the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after acquiring an additional 9,730 shares in the last quarter. Appian Way Asset Management LP purchased a new stake in DuPont de Nemours during the 2nd quarter worth approximately $2,978,000. Principal Financial Group Inc. increased its stake in DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after purchasing an additional 21,435 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of DuPont de Nemours by 38.4% during the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after buying an additional 10,012 shares during the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $249,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.1 %

NYSE DD opened at $77.50 on Tuesday. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The firm has a 50 day moving average of $79.41 and a two-hundred day moving average of $81.41. The stock has a market capitalization of $32.39 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 1.69 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

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 for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DD has been the subject of several research analyst reports. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday. JPMorgan Chase & Co. lowered their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Barclays increased their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. 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 MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target 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.