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

Essex Financial Services Inc. grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 47.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,390 shares of the basic materials company’s stock after acquiring an additional 3,328 shares during the period. 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 hedge funds have also recently made changes to their positions in the business. Fortitude Family Office LLC boosted its position in shares of 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 worth $48,000 after acquiring an additional 132 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after purchasing an additional 133 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of DuPont de Nemours by 22.7% during the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 137 shares in the last quarter. Focus Financial Network Inc. increased its holdings in shares of DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock worth $354,000 after purchasing an additional 143 shares during the last quarter. Finally, Busey Bank lifted its position in shares of DuPont de Nemours by 4.7% in the third quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after buying an additional 145 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. BMO Capital Markets reduced their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Citigroup decreased their price target on shares of DuPont de Nemours from $92.00 to $88.00 in a research note on Monday. Royal Bank of Canada 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 research note on Monday. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $97.25.

DuPont de Nemours Trading Up 0.4 %

DD opened at $81.78 on Thursday. DuPont de Nemours, Inc. has a one year low of $66.10 and a one 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. The stock has a market cap of $34.18 billion, a price-to-earnings ratio of 43.04, a P/E/G ratio of 1.70 and a beta of 1.34. The stock’s 50 day moving average price is $77.53 and its 200-day moving average price is $81.09.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current 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.