Ingalls & Snyder LLC Sells 3,568 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ingalls & Snyder LLC lessened its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 116,729 shares of the basic materials company's stock after selling 3,568 shares during the period. Ingalls & Snyder LLC's holdings in DuPont de Nemours were worth $8,901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in shares of DuPont de Nemours by 431.6% during the fourth 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 acquiring an additional 859,333 shares in the last quarter. Franklin Resources Inc. grew its holdings in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock valued at $556,751,000 after buying an additional 570,703 shares in the last quarter. Zacks Investment Management acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $42,810,000. Two Sigma Advisers LP grew its stake in DuPont de Nemours by 48.3% during the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company's stock worth $126,171,000 after buying an additional 461,400 shares during the last quarter. 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 valued at $63,983,000 after buying an additional 446,948 shares during the period. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DD. 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 research note on Friday, January 17th. Citigroup boosted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a report on Thursday. Morgan Stanley upped 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. Royal Bank of Canada 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 Monday, February 10th. Finally, 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. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus price target of $98.75.

DuPont de Nemours Price Performance

DD traded down $0.74 during trading on Friday, reaching $83.31. The stock had a trading volume of 2,916,054 shares, compared to its average volume of 2,162,100. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 43.85, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. 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, Inc. has a 1-year low of $67.70 and a 1-year high of $90.06. The stock has a 50 day moving average of $77.59 and a two-hundred day moving average of $81.13.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. As a group, equities analysts anticipate 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.