Ferguson Wellman Capital Management Inc. Reduces Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Ferguson Wellman Capital Management Inc. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,966 shares of the basic materials company’s stock after selling 317 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in DuPont de Nemours were worth $684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DD. CWM LLC lifted its position in shares of DuPont de Nemours by 37.2% during the 3rd quarter. CWM LLC now owns 30,967 shares of the basic materials company’s stock valued at $2,759,000 after buying an additional 8,394 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of DuPont de Nemours by 389.4% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,142 shares of the basic materials company’s stock valued at $280,000 after buying an additional 2,500 shares in the last quarter. Gateway Investment Advisers LLC purchased a new position in shares of DuPont de Nemours during the 3rd quarter valued at about $205,000. Ritholtz Wealth Management purchased a new position in shares of DuPont de Nemours during the 3rd quarter valued at about $227,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of DuPont de Nemours by 793.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock valued at $93,000 after buying an additional 928 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE:DD opened at $76.25 on Tuesday. 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, Inc. has a 1 year low of $66.10 and a 1 year high of $90.06. The stock’s 50 day simple moving average is $77.57 and its two-hundred day simple moving average is $81.07. The company has a market cap of $31.87 billion, a price-to-earnings ratio of 40.13, a PEG ratio of 1.70 and a beta of 1.34.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DD shares. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Citigroup decreased their target price on DuPont de Nemours from $92.00 to $88.00 in a research note on Monday. JPMorgan Chase & Co. decreased their target price on 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. Finally, StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.42.

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.