Rhumbline Advisers Sells 8,682 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Rhumbline Advisers cut its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 744,913 shares of the basic materials company's stock after selling 8,682 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of DuPont de Nemours worth $56,800,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Asset Planning Inc bought a new position in shares of DuPont de Nemours in the fourth quarter worth about $130,000. V Square Quantitative Management LLC grew its holdings in DuPont de Nemours by 4.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,583 shares of the basic materials company's stock valued at $426,000 after buying an additional 220 shares during the last quarter. Bogart Wealth LLC increased its position in DuPont de Nemours by 51.6% in the 4th quarter. Bogart Wealth LLC now owns 1,739 shares of the basic materials company's stock worth $133,000 after buying an additional 592 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of DuPont de Nemours by 1.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 164,037 shares of the basic materials company's stock worth $12,570,000 after buying an additional 1,581 shares during the last quarter. Finally, Aljian Capital Management LLC boosted its position in shares of DuPont de Nemours by 11.2% in the fourth quarter. Aljian Capital Management LLC now owns 8,089 shares of the basic materials company's stock valued at $617,000 after acquiring an additional 814 shares during the period. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

Shares of DD stock traded down $1.49 during trading hours on Wednesday, hitting $82.83. 1,635,236 shares of the company's stock were exchanged, compared to its average volume of 2,515,265. The stock's 50-day moving average is $77.63 and its 200-day moving average is $81.15. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 52 week low of $67.70 and a 52 week high of $90.06. The stock has a market cap of $34.62 billion, a price-to-earnings ratio of 49.57, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada dropped 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 report on Monday, February 10th. BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. cut their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. 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 report on Friday, January 17th. Finally, Wells Fargo & Company cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $98.75.

About DuPont de Nemours

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.