DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. lessened its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,626 shares of the basic materials company's stock after selling 3,378 shares during the period. Meyer Handelman Co.'s holdings in DuPont de Nemours were worth $8,359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of DuPont de Nemours by 2.4% in the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company's stock valued at $1,513,365,000 after buying an additional 399,728 shares in the last quarter. Geode Capital Management LLC increased its holdings in DuPont de Nemours by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company's stock worth $883,821,000 after acquiring an additional 100,198 shares in the last quarter. Franklin Resources Inc. raised its position in DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock worth $556,751,000 after acquiring an additional 570,703 shares during the period. Legal & General Group Plc lifted its holdings in DuPont de Nemours by 0.7% during the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company's stock valued at $310,945,000 after purchasing an additional 25,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of DuPont de Nemours by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company's stock valued at $247,501,000 after purchasing an additional 39,189 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Up 1.4 %

Shares of DuPont de Nemours stock traded up $1.03 during trading hours on Wednesday, reaching $76.31. 1,194,634 shares of the company were exchanged, compared to its average volume of 2,380,134. The firm has a market cap of $31.89 billion, a PE ratio of 40.16, a PEG ratio of 1.95 and a beta of 1.35. The stock's fifty day moving average is $80.02 and its 200 day moving average is $81.47. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the company earned $0.92 EPS. DuPont de Nemours's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DD. Morgan Stanley lifted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Citigroup reduced their price objective on DuPont de Nemours from $98.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday, December 18th. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Monday. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped 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 report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target of $96.33.

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.