DuPont de Nemours, Inc. (NYSE:DD) Holdings Trimmed by Alberta Investment Management Corp

Alberta Investment Management Corp trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.2% in the 4th quarter, HoldingsChannel reports. The firm owned 107,995 shares of the basic materials company’s stock after selling 7,100 shares during the quarter. Alberta Investment Management Corp’s holdings in DuPont de Nemours were worth $8,235,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DD. Assenagon Asset Management S.A. lifted its holdings in shares of DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares during the last quarter. Franklin Resources Inc. lifted its stake in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares in the last quarter. Zacks Investment Management purchased a new stake in DuPont de Nemours in the 3rd quarter worth about $42,810,000. Two Sigma Advisers LP lifted its stake in DuPont de Nemours by 48.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after acquiring an additional 461,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in DuPont de Nemours by 164.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock worth $63,983,000 after acquiring an additional 446,948 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 2.2 %

Shares of DD stock opened at $82.49 on Thursday. DuPont de Nemours, Inc. has a 12 month low of $67.70 and a 12 month high of $90.06. The firm has a market cap of $34.48 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The stock has a 50 day moving average of $77.64 and a 200-day moving average of $81.16. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research note on Friday, January 17th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.75.

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.