Newman Dignan & Sheerar Inc. Reduces Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Newman Dignan & Sheerar Inc. cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 31.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,623 shares of the basic materials company’s stock after selling 1,648 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in DuPont de Nemours were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in DD. Exchange Traded Concepts LLC grew its position in DuPont de Nemours by 793.2% in the third quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 928 shares during the period. Creative Planning boosted its position in shares of DuPont de Nemours by 1.1% during the third quarter. Creative Planning now owns 105,327 shares of the basic materials company’s stock worth $9,386,000 after buying an additional 1,161 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of DuPont de Nemours by 2.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,261 shares of the basic materials company’s stock worth $5,281,000 after buying an additional 1,656 shares during the period. V Square Quantitative Management LLC boosted its position in shares of DuPont de Nemours by 23.1% during the third quarter. V Square Quantitative Management LLC now owns 5,363 shares of the basic materials company’s stock worth $478,000 after buying an additional 1,008 shares during the period. Finally, Stratos Wealth Advisors LLC purchased a new position in shares of DuPont de Nemours during the third quarter worth $248,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 0.9 %

DuPont de Nemours stock opened at $83.31 on Friday. DuPont de Nemours, Inc. has a 1-year low of $67.70 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. The stock has a market cap of $34.82 billion, a PE ratio of 43.85, a P/E/G ratio of 1.70 and a beta of 1.34. The stock’s fifty day moving average is $77.59 and its two-hundred day moving average is $81.13.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on DD shares. Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. BMO Capital Markets raised 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. Morgan Stanley raised their price target on 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. JPMorgan Chase & Co. reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.75.

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.