Cadinha & Co. LLC Sells 1,400 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Cadinha & Co. LLC cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 29.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,354 shares of the basic materials company’s stock after selling 1,400 shares during the quarter. Cadinha & Co. LLC’s holdings in DuPont de Nemours were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of DuPont de Nemours by 26.7% during the second quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock worth $7,733,000 after buying an additional 20,266 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in DuPont de Nemours by 4.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 56,662 shares of the basic materials company’s stock worth $4,553,000 after purchasing an additional 2,276 shares in the last quarter. Intech Investment Management LLC raised its position in DuPont de Nemours by 47.7% in the second quarter. Intech Investment Management LLC now owns 31,693 shares of the basic materials company’s stock valued at $2,551,000 after purchasing an additional 10,232 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of DuPont de Nemours by 7.6% during the second quarter. Brighton Jones LLC now owns 4,381 shares of the basic materials company’s stock valued at $353,000 after purchasing an additional 309 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of DuPont de Nemours by 11.3% during the second quarter. Sei Investments Co. now owns 370,915 shares of the basic materials company’s stock worth $29,852,000 after purchasing an additional 37,618 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DD. Citigroup dropped their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. 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. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Barclays raised their target price 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. Finally, Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Trading Up 1.1 %

Shares of DD stock opened at $77.50 on Friday. The company has a market cap of $32.39 billion, a P/E ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The stock has a 50 day simple moving average of $79.53 and a two-hundred day simple moving average of $81.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last released 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 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 in the previous year, the company earned $0.92 EPS. DuPont de Nemours’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

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.