Cardinal Capital Management Boosts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Cardinal Capital Management lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,495 shares of the basic materials company’s stock after acquiring an additional 214 shares during the period. Cardinal Capital Management’s holdings in DuPont de Nemours were worth $2,325,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in shares of DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after acquiring an additional 859,333 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Zacks Investment Management bought a new position in shares of DuPont de Nemours during the third quarter valued at approximately $42,810,000. Two Sigma Advisers LP lifted its holdings in shares of DuPont de Nemours by 48.3% during the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after purchasing an additional 461,400 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of 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 purchasing an additional 446,948 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent research reports. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. BMO Capital Markets increased their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company reduced their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours Trading Down 0.9 %

Shares of DD stock opened at $83.31 on Tuesday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12-month low of $67.70 and a 12-month high of $90.06. The stock has a market capitalization of $34.82 billion, a P/E ratio of 43.85, a P/E/G ratio of 1.70 and a beta of 1.34. The firm’s 50 day moving average is $77.58 and its 200 day moving average is $81.12.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. Research analysts expect 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.