Fifth Third Wealth Advisors LLC Sells 885 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Fifth Third Wealth Advisors LLC lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,480 shares of the basic materials company’s stock after selling 885 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $647,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the second quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in DuPont de Nemours during the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter worth approximately $39,000. Quarry LP bought a new stake in shares of DuPont de Nemours in the 2nd quarter valued at $37,000. Finally, True Wealth Design LLC increased its position in shares of DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after buying an additional 452 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.5 %

DD stock opened at $76.64 on Friday. The stock’s 50 day moving average is $79.86 and its 200-day moving average is $81.44. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The firm has a market capitalization of $32.03 billion, a PE ratio of 40.34, a P/E/G ratio of 1.53 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping 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 firm 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 earned $0.92 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DD has been the topic of several recent analyst reports. Citigroup dropped their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Morgan Stanley upped their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company raised their price target 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. Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.64.

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.