Essex LLC Lowers Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Essex LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,364 shares of the basic materials company’s stock after selling 374 shares during the quarter. Essex LLC’s holdings in DuPont de Nemours were worth $790,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Merit Financial Group LLC grew its holdings in DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares during the period. Choreo LLC grew its stake in shares of DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after buying an additional 8,205 shares during the last quarter. Jennison Associates LLC increased its position in DuPont de Nemours by 2.0% during the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after buying an additional 9,730 shares in the last quarter. Principal Financial Group Inc. raised its stake in DuPont de Nemours by 4.6% during the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after buying an additional 21,435 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in DuPont de Nemours by 38.4% in the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock worth $3,215,000 after acquiring an additional 10,012 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DD shares. JPMorgan Chase & Co. reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company lifted their target price 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. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Citigroup decreased 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. Finally, StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. 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 data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Stock Performance

DD opened at $75.76 on Friday. The company’s 50 day moving average is $77.72 and its 200 day moving average is $81.08. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a market cap of $31.66 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 1.70 and a beta of 1.34. DuPont de Nemours, Inc. has a 12-month low of $65.93 and a 12-month high of $90.06.

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.