Confluence Wealth Services Inc. Has $920,000 Stake in DuPont de Nemours, Inc. (NYSE:DD)

Confluence Wealth Services Inc. grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,763 shares of the basic materials company’s stock after purchasing an additional 212 shares during the quarter. Confluence Wealth Services Inc.’s holdings in DuPont de Nemours were worth $920,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Merit Financial Group LLC raised its position in shares of DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after buying an additional 4,939 shares during the last quarter. Jennison Associates LLC raised its holdings in DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after acquiring an additional 9,730 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 21,435 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of DuPont de Nemours by 38.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock worth $3,215,000 after purchasing an additional 10,012 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of DuPont de Nemours during the third quarter valued at approximately $677,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. 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 research report on Monday, October 21st. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. Finally, Barclays increased their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Trading Up 0.2 %

Shares of DD opened at $77.15 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The company has a market cap of $32.24 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 1.68 and a beta of 1.34. The stock has a fifty day moving average price of $78.01 and a two-hundred day moving average price of $81.13. DuPont de Nemours, Inc. has a 52-week low of $63.62 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal 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.