DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Perpetual Ltd

Perpetual Ltd cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 97.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,948 shares of the basic materials company’s stock after selling 220,654 shares during the period. Perpetual Ltd’s holdings in DuPont de Nemours were worth $530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after acquiring an additional 3,168,740 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of DuPont de Nemours by 403.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after acquiring an additional 1,139,156 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of DuPont de Nemours in the second quarter worth about $83,540,000. Renaissance Technologies LLC acquired a new position in shares of DuPont de Nemours in the second quarter worth about $67,665,000. Finally, Ceredex Value Advisors LLC raised its position in shares of DuPont de Nemours by 95.0% in the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after acquiring an additional 567,732 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $86.53 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The stock has a market capitalization of $36.14 billion, a P/E ratio of 56.93, a PEG ratio of 2.26 and a beta of 1.34. The company has a 50 day moving average price of $82.60 and a 200 day moving average price of $79.98. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup reduced their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $88.00 to $84.00 in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $94.91.

DuPont de Nemours Company 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.