Cornerstone Wealth Group LLC Boosts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Cornerstone Wealth Group LLC grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,682 shares of the basic materials company’s stock after buying an additional 557 shares during the period. Cornerstone Wealth Group LLC’s holdings in DuPont de Nemours were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours in the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the third quarter worth about $38,000. FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the third quarter valued at approximately $39,000. Quarry LP purchased a new position in shares of DuPont de Nemours during the second quarter valued at approximately $37,000. Finally, True Wealth Design LLC boosted its position in DuPont de Nemours by 2,378.9% during 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 during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BMO Capital Markets reduced their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company raised their price target 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. Citigroup dropped their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. decreased their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Morgan Stanley increased 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 note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

DuPont de Nemours Stock Down 1.0 %

Shares of NYSE DD opened at $76.60 on Tuesday. The stock has a fifty day moving average price of $78.92 and a 200 day moving average price of $81.34. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a market cap of $32.02 billion, a P/E ratio of 40.32, a P/E/G ratio of 1.70 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last announced its 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 business had revenue of $3.19 billion for the quarter, compared to the consensus estimate 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 was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS 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.