Oak Thistle LLC Purchases Shares of 12,353 DuPont de Nemours, Inc. (NYSE:DD)

Oak Thistle LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 12,353 shares of the basic materials company’s stock, valued at approximately $942,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fortitude Family Office LLC raised its stake in DuPont de Nemours by 32.0% during the 3rd 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 stake in shares of DuPont de Nemours by 3.7% during the third 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 lifted its holdings in 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 purchasing an additional 145 shares during the period. GHP Investment Advisors Inc. grew its position in 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 buying an additional 150 shares in the last quarter. Finally, Rathbones Group PLC increased its stake in DuPont de Nemours by 2.9% during the 2nd quarter. Rathbones Group PLC now owns 5,316 shares of the basic materials company’s stock valued at $428,000 after buying an additional 151 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DD shares. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. Citigroup decreased their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. 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 research note on Monday, October 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.33.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $76.31 on Thursday. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The firm’s 50 day simple moving average is $80.02 and its 200-day simple moving average is $81.47. 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 company has a market cap of $31.89 billion, a P/E ratio of 40.16, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

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.