Ballast Inc. Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Ballast Inc. increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 4.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,595 shares of the basic materials company’s stock after acquiring an additional 692 shares during the period. Ballast Inc.’s holdings in DuPont de Nemours were worth $1,342,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DD. Steigerwald Gordon & Koch Inc. increased its position in DuPont de Nemours by 4.9% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 160,440 shares of the basic materials company’s stock valued at $12,234,000 after buying an additional 7,522 shares in the last quarter. Shelton Wealth Management LLC grew its position in DuPont de Nemours by 49.7% during the 4th quarter. Shelton Wealth Management LLC now owns 9,029 shares of the basic materials company’s stock valued at $688,000 after purchasing an additional 2,996 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in DuPont de Nemours by 4.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 17,276 shares of the basic materials company’s stock valued at $1,317,000 after purchasing an additional 722 shares during the last quarter. Merit Financial Group LLC grew its holdings 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. Finally, Butensky & Cohen Financial Security Inc. increased its position in shares of DuPont de Nemours by 0.5% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 58,094 shares of the basic materials company’s stock valued at $4,430,000 after acquiring an additional 302 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

DD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. BMO Capital Markets reduced their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday. 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. Finally, Citigroup cut 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 research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Trading Up 1.1 %

DD stock opened at $77.50 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The business 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 market capitalization of $32.39 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last announced 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 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 period in the previous year, the firm posted $0.92 EPS. DuPont de Nemours’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal 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.