KBC Group NV Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

KBC Group NV lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,543 shares of the basic materials company’s stock after buying an additional 12,778 shares during the quarter. KBC Group NV’s holdings in DuPont de Nemours were worth $6,599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in shares of 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 worth $48,000 after acquiring an additional 132 shares in the last quarter. Global Trust Asset Management LLC grew its holdings in DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after purchasing an additional 133 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after buying an additional 137 shares in the last quarter. Focus Financial Network Inc. raised its stake in shares of DuPont de Nemours by 3.7% during the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock worth $354,000 after buying an additional 143 shares during the last quarter. Finally, Busey Bank boosted its position in shares of DuPont de Nemours by 4.7% in the 3rd quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.1 %

Shares of DD stock opened at $76.59 on Friday. The firm’s 50-day simple moving average is $78.58 and its 200-day simple moving average is $81.25. 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 1-year low of $61.14 and a 1-year high of $90.06. The firm has a market cap of $32.01 billion, a P/E ratio of 40.31, a PEG ratio of 1.70 and a beta of 1.35.

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

Wall Street Analysts Forecast Growth

DD has been the subject of a number of research reports. Citigroup cut their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company raised their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.