DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 17.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,682 shares of the basic materials company’s stock after buying an additional 557 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in DuPont de Nemours were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the 2nd quarter worth $27,000. Quarry LP acquired a new position in DuPont de Nemours in the second quarter worth about $37,000. Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours in the third quarter worth about $38,000. FSA Wealth Management LLC bought a new stake in DuPont de Nemours in the third quarter valued at about $39,000. Finally, True Wealth Design LLC raised its stake in DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after buying an additional 452 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

NYSE DD opened at $76.60 on Tuesday. The firm has a market capitalization of $32.02 billion, a PE ratio of 40.32, a P/E/G ratio of 1.70 and a beta of 1.35. 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, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company’s 50 day simple moving average is $78.92 and its 200 day simple moving average is $81.34.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DD shares. BMO Capital Markets lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays raised their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

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.