DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,721 shares of the basic materials company’s stock after selling 261 shares during the quarter. CENTRAL TRUST Co’s holdings in DuPont de Nemours were worth $1,427,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at $37,000. R Squared Ltd purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at $37,000. Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours in the 3rd quarter valued at $38,000. FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the 3rd quarter valued at $39,000. Finally, True Wealth Design LLC raised its stake in shares of DuPont de Nemours by 2,378.9% in the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 452 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 1.0 %

NYSE DD opened at $76.04 on Tuesday. DuPont de Nemours, Inc. has a one year low of $61.20 and a one year high of $90.06. The company has a 50-day simple moving average of $78.28 and a 200-day simple moving average of $81.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The firm has a market capitalization 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 (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Citigroup dropped their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, 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.