Blue Trust Inc. Grows Stake in DuPont de Nemours, Inc. (NYSE:DD)

Blue Trust Inc. increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 6.8% in the 4th quarter, HoldingsChannel reports. The fund owned 12,261 shares of the basic materials company’s stock after acquiring an additional 778 shares during the period. Blue Trust Inc.’s holdings in DuPont de Nemours were worth $935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC raised its stake in shares of DuPont de Nemours by 32.0% during the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 132 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of DuPont de Nemours by 1.5% during the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after acquiring an additional 133 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of DuPont de Nemours by 22.7% during the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 137 shares in the last quarter. Focus Financial Network Inc. raised its stake in shares of DuPont de Nemours by 3.7% during the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after acquiring an additional 143 shares in the last quarter. Finally, Busey Bank raised its stake in shares of DuPont de Nemours by 4.7% during the third quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $76.28 on Wednesday. The firm has a market capitalization of $31.88 billion, a PE ratio of 40.15, a price-to-earnings-growth 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. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company’s fifty day moving average price is $78.81 and its 200-day moving average price is $81.31.

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. The firm 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 business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays boosted 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus 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.