Webster Bank N. A. Decreases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Webster Bank N. A. trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,468 shares of the basic materials company’s stock after selling 417 shares during the quarter. Webster Bank N. A.’s holdings in DuPont de Nemours were worth $112,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at approximately $27,000. Quarry LP purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at approximately $37,000. Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours in the 3rd quarter valued at approximately $38,000. FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the 3rd quarter valued at approximately $39,000. Finally, True Wealth Design LLC raised its position in shares of DuPont de Nemours by 2,378.9% in the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased 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 report on Wednesday, January 15th. Morgan Stanley increased 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 report on Monday, October 21st. BMO Capital Markets cut their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Trading Down 1.0 %

Shares of NYSE:DD opened at $76.60 on Tuesday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The firm has a market capitalization of $32.02 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth 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. The business’s 50 day moving average price is $78.92 and its 200-day moving average price is $81.34.

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

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.