Sanibel Captiva Trust Company Inc. Sells 3,108 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sanibel Captiva Trust Company Inc. lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,068 shares of the basic materials company’s stock after selling 3,108 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in DuPont de Nemours were worth $1,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. State Street Corp raised its position in DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after purchasing an additional 399,728 shares during the period. Geode Capital Management LLC increased its holdings in shares of DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after buying an additional 100,198 shares during the period. Franklin Resources Inc. increased its holdings in shares of DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares during the period. Legal & General Group Plc boosted its holdings in DuPont de Nemours by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after acquiring an additional 25,857 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in DuPont de Nemours by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after acquiring an additional 39,189 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DD. JPMorgan Chase & Co. lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. 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 report on Friday. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays boosted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Trading Up 1.1 %

DD opened at $77.50 on Friday. The stock has a market cap of $32.39 billion, a PE ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35. The business has a 50 day moving average of $79.53 and a 200-day moving average of $81.41. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. 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 (NYSE:DD) last announced its quarterly earnings data 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 business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. Equities research analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours 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.