Essex LLC Trims Position in DuPont de Nemours, Inc. (NYSE:DD)

Essex LLC decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,364 shares of the basic materials company’s stock after selling 374 shares during the quarter. Essex LLC’s holdings in DuPont de Nemours were worth $790,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Merit Financial Group LLC lifted its position in shares of DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after acquiring an additional 4,939 shares in the last quarter. Choreo LLC raised its stake in DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after purchasing an additional 8,205 shares during the period. Jennison Associates LLC lifted its holdings in DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after purchasing an additional 9,730 shares in the last quarter. Principal Financial Group Inc. boosted its stake in DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after purchasing an additional 21,435 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in DuPont de Nemours by 38.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after buying an additional 10,012 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

DD has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Citigroup reduced their target price on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Stock Down 2.2 %

Shares of NYSE DD opened at $75.76 on Friday. The company has a market cap of $31.66 billion, a P/E ratio of 39.87, a PEG ratio of 1.70 and a beta of 1.34. The firm has a 50-day simple moving average of $77.72 and a two-hundred day simple moving average of $81.08. DuPont de Nemours, Inc. has a 1 year low of $65.93 and a 1 year high of $90.06. 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 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.