Sawyer & Company Inc Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Sawyer & Company Inc lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 29.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,986 shares of the basic materials company’s stock after selling 1,694 shares during the period. Sawyer & Company Inc’s holdings in DuPont de Nemours were worth $304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI acquired a new position in DuPont de Nemours in the second quarter valued at $83,540,000. Assenagon Asset Management S.A. raised its stake in DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after purchasing an additional 859,333 shares during the period. Franklin Resources Inc. boosted its holdings in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after purchasing an additional 570,703 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $42,810,000. Finally, Two Sigma Advisers LP raised its position in shares of DuPont de Nemours by 48.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after buying an additional 461,400 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.4 %

Shares of NYSE DD opened at $76.31 on Thursday. The business has a 50 day simple moving average of $80.02 and a 200 day simple moving average of $81.47. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The stock has a market cap of $31.89 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 1.95 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last posted 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. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, research analysts predict that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on DD shares. Morgan Stanley upped their price target on shares of 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. Royal Bank of Canada boosted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their price objective 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.33.

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.