E. Ohman J or Asset Management AB Boosts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

E. Ohman J or Asset Management AB increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 10.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 18,695 shares of the basic materials company’s stock after purchasing an additional 1,700 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in DuPont de Nemours were worth $1,425,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DD. Assenagon Asset Management S.A. raised its holdings in DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after buying an additional 859,333 shares during the period. Franklin Resources Inc. increased its position in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after acquiring an additional 570,703 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $42,810,000. Two Sigma Advisers LP raised its stake in shares of DuPont de Nemours by 48.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after acquiring an additional 461,400 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of DuPont de Nemours by 164.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock worth $63,983,000 after acquiring an additional 446,948 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. lowered 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 dropped their target price on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Finally, Citigroup reduced 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 report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Trading Up 1.2 %

NYSE DD opened at $76.99 on Wednesday. DuPont de Nemours, Inc. has a 52 week low of $61.20 and a 52 week high of $90.06. The firm has a 50 day moving average of $78.15 and a two-hundred day moving average of $81.16. 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 capitalization of $32.18 billion, a PE ratio of 40.52, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

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.