Assenagon Asset Management S.A. Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Assenagon Asset Management S.A. boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 431.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,058,446 shares of the basic materials company's stock after acquiring an additional 859,333 shares during the quarter. Assenagon Asset Management S.A. owned 0.25% of DuPont de Nemours worth $80,707,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours in the second quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours in the third quarter worth approximately $38,000. FSA Wealth Management LLC bought a new stake in DuPont de Nemours in the 3rd quarter worth approximately $39,000. Quarry LP purchased a new stake in DuPont de Nemours during the 2nd quarter valued at $37,000. Finally, True Wealth Design LLC raised its stake in DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company's stock valued at $42,000 after buying an additional 452 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD traded up $0.40 during midday trading on Thursday, reaching $76.64. The stock had a trading volume of 2,322,067 shares, compared to its average volume of 2,478,037. The company has a market capitalization of $32.03 billion, a price-to-earnings ratio of 40.34, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The stock has a 50-day moving average of $79.86 and a 200-day moving average of $81.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.15. The business 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%. The business'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 anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DD has been the subject of several research analyst reports. Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. StockNews.com cut DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Monday. Citigroup reduced their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets cut their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and an average target price of $97.08.

DuPont de Nemours Company 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.