Assenagon Asset Management S.A. Raises Stake in DuPont de Nemours, Inc. (NYSE:DD)

Assenagon Asset Management S.A. lifted its position in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 431.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,058,446 shares of the basic materials company’s stock after purchasing an additional 859,333 shares during the period. Assenagon Asset Management S.A. owned 0.25% of DuPont de Nemours worth $80,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DD. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours during the second quarter valued at approximately $27,000. Quarry LP purchased a new position in DuPont de Nemours during the 2nd quarter worth $37,000. Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the 3rd quarter valued at about $38,000. FSA Wealth Management LLC purchased a new stake in DuPont de Nemours in the third quarter valued at about $39,000. Finally, True Wealth Design LLC boosted its holdings in DuPont de Nemours by 2,378.9% in the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DD has been the topic of several recent analyst reports. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday. Citigroup cut their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Barclays lifted their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Wells Fargo & Company raised their target price 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.33.

View Our Latest Stock Analysis on DuPont de Nemours

DuPont de Nemours Trading Up 1.4 %

DuPont de Nemours stock opened at $76.31 on Thursday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm has a market cap of $31.89 billion, a PE ratio of 40.16, a P/E/G ratio of 1.95 and a beta of 1.35. The stock’s 50 day simple moving average is $80.02 and its two-hundred day simple moving average is $81.47. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DDGet Free Report) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. Analysts anticipate that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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