Sound Income Strategies LLC Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Sound Income Strategies LLC raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 28.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,327 shares of the basic materials company’s stock after purchasing an additional 293 shares during the quarter. Sound Income Strategies LLC’s holdings in DuPont de Nemours were worth $101,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Merit Financial Group LLC increased its holdings in DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after buying an additional 4,939 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of DuPont de Nemours by 2.0% during 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. grew its stake in shares of DuPont de Nemours by 4.6% in the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 21,435 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of DuPont de Nemours by 38.4% during the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after purchasing an additional 10,012 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new position in DuPont de Nemours during the fourth quarter valued at approximately $249,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $77.28 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 firm has a fifty day moving average price of $79.02 and a 200-day moving average price of $81.36. The stock has a market cap of $32.30 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

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.