Montecito Bank & Trust Purchases 840 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Montecito Bank & Trust increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,151 shares of the basic materials company’s stock after buying an additional 840 shares during the period. Montecito Bank & Trust’s holdings in DuPont de Nemours were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Evergreen Capital Management LLC lifted its position in shares of DuPont de Nemours by 7.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,127 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 296 shares during the period. Marshall Wace LLP raised its stake in DuPont de Nemours by 17.0% in the second quarter. Marshall Wace LLP now owns 112,356 shares of the basic materials company’s stock worth $9,044,000 after buying an additional 16,288 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in DuPont de Nemours by 56.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 80,086 shares of the basic materials company’s stock worth $6,446,000 after buying an additional 28,741 shares during the period. AXA S.A. boosted its position in DuPont de Nemours by 643.4% during the 2nd quarter. AXA S.A. now owns 160,602 shares of the basic materials company’s stock valued at $12,927,000 after acquiring an additional 138,998 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of DuPont de Nemours by 296.9% in the 2nd quarter. AQR Capital Management LLC now owns 254,423 shares of the basic materials company’s stock valued at $20,369,000 after acquiring an additional 190,327 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

NYSE DD opened at $77.28 on Friday. The company has a market cap of $32.30 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 1.70 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The stock’s fifty day moving average price is $79.02 and its 200 day moving average price is $81.34. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The company’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 earnings per share for the current year.

Analysts Set New Price Targets

DD has been the subject of a number of analyst reports. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research report on Friday, January 17th. BMO Capital Markets cut their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, 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 report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

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.