Oak Thistle LLC Buys New Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Oak Thistle LLC purchased a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,353 shares of the basic materials company's stock, valued at approximately $942,000.

Other hedge funds have also modified their holdings of the company. Fortitude Family Office LLC raised its position in DuPont de Nemours by 32.0% during the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 132 shares in the last quarter. Focus Financial Network Inc. raised its holdings in shares of DuPont de Nemours by 3.7% during the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company's stock valued at $354,000 after purchasing an additional 143 shares in the last quarter. Busey Bank raised its holdings in shares of DuPont de Nemours by 4.7% during the 3rd quarter. Busey Bank now owns 3,243 shares of the basic materials company's stock valued at $289,000 after purchasing an additional 145 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of DuPont de Nemours by 15.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 1,104 shares of the basic materials company's stock valued at $98,000 after purchasing an additional 150 shares during the last quarter. Finally, Rathbones Group PLC boosted its holdings in DuPont de Nemours by 2.9% in the second quarter. Rathbones Group PLC now owns 5,316 shares of the basic materials company's stock worth $428,000 after purchasing an additional 151 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $0.40 during midday trading on Thursday, hitting $76.64. The company had a trading volume of 2,317,493 shares, compared to its average volume of 2,394,218. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The business's 50 day simple moving average is $79.86 and its two-hundred day simple moving average is $81.44. The stock has a market cap of $32.03 billion, a PE ratio of 40.34, a P/E/G ratio of 1.53 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

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, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the business posted $0.92 EPS. The business's quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DD shares. Morgan Stanley raised 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. Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Citigroup decreased their target price on DuPont de Nemours from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $97.08.

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.