Albion Financial Group UT Has $45,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Albion Financial Group UT grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 119.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 590 shares of the basic materials company’s stock after purchasing an additional 321 shares during the quarter. Albion Financial Group UT’s holdings in DuPont de Nemours were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Merit Financial Group LLC increased 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 valued at $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Jennison Associates LLC increased its stake in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after acquiring an additional 9,730 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after acquiring an additional 21,435 shares during the period. Oppenheimer & Co. Inc. boosted its stake in DuPont de Nemours by 38.4% during the 3rd 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 during the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $249,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DD opened at $77.60 on Thursday. 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, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The stock has a market capitalization of $32.43 billion, a P/E ratio of 40.84, a P/E/G ratio of 1.69 and a beta of 1.35. The company has a 50 day moving average of $79.21 and a 200-day moving average of $81.38.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts forecast 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 analyst reports. BMO Capital Markets cut their target price 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, January 16th. Wells Fargo & Company raised their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley boosted their price objective 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

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.