Essex Financial Services Inc. Purchases 3,328 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Essex Financial Services Inc. raised its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 47.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,390 shares of the basic materials company's stock after purchasing an additional 3,328 shares during the quarter. Essex Financial Services Inc.'s holdings in DuPont de Nemours were worth $792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of DD. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours in the 4th quarter worth about $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $33,000. R Squared Ltd bought a new stake in DuPont de Nemours during the fourth quarter worth $37,000. Finally, Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours in the third quarter worth $38,000. Institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DD shares. JPMorgan Chase & Co. decreased their target price on 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. BMO Capital Markets lifted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday. 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 note on Monday, February 10th. Wells Fargo & Company decreased their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $85.00 to $89.00 in a research note on Thursday. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target of $98.75.

DuPont de Nemours Price Performance

DD traded down $0.74 during trading on Friday, reaching $83.31. 2,916,054 shares of the company were exchanged, compared to its average volume of 2,162,100. DuPont de Nemours, Inc. has a 12-month low of $67.70 and a 12-month high of $90.06. The company's 50-day moving average is $77.59 and its two-hundred day moving average is $81.11. 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 company has a market cap of $34.82 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 1.70 and a beta of 1.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. Research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

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.