Gladstone Institutional Advisory LLC grew its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 168.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,767 shares of the basic materials company's stock after acquiring an additional 23,677 shares during the period. Gladstone Institutional Advisory LLC's holdings in DuPont de Nemours were worth $2,880,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its stake in shares of DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock worth $80,707,000 after purchasing an additional 859,333 shares during the period. Franklin Resources Inc. raised its stake in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock worth $556,751,000 after buying an additional 570,703 shares during the period. Zacks Investment Management purchased a new position in shares of DuPont de Nemours during the 3rd quarter valued at approximately $42,810,000. Two Sigma Advisers LP grew its stake in DuPont de Nemours by 48.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company's stock valued at $126,171,000 after acquiring an additional 461,400 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in 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 worth $63,983,000 after acquiring an additional 446,948 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. StockNews.com lowered shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Wednesday. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. 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 report on Wednesday, January 15th. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Wells Fargo & Company decreased their price objective on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $98.75.
Get Our Latest Stock Report on DD
DuPont de Nemours Trading Down 0.9 %
Shares of DD stock traded down $0.74 on Friday, hitting $83.31. 2,916,054 shares of the stock traded hands, compared to its average volume of 2,162,100. 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, Inc. has a twelve month low of $67.70 and a twelve month high of $90.06. The firm's 50-day moving average price is $77.59 and its two-hundred day moving average price is $81.11. The stock has a market capitalization of $34.82 billion, a PE ratio of 43.85, a PEG ratio of 1.70 and a beta of 1.34.
DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results 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 6.35% and a return on equity of 6.64%. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.
DuPont de Nemours Profile
(
Free Report)
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.
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