Webster Bank N. A. Lowers Position in DuPont de Nemours, Inc. (NYSE:DD)

Webster Bank N. A. lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 22.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,468 shares of the basic materials company’s stock after selling 417 shares during the quarter. Webster Bank N. A.’s holdings in DuPont de Nemours were worth $112,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DD. Marshall Wace LLP increased its position in DuPont de Nemours by 17.0% in the second quarter. Marshall Wace LLP now owns 112,356 shares of the basic materials company’s stock worth $9,044,000 after purchasing an additional 16,288 shares during the last quarter. AQR Capital Management LLC increased its position in DuPont de Nemours by 296.9% in the second quarter. AQR Capital Management LLC now owns 254,423 shares of the basic materials company’s stock worth $20,369,000 after purchasing an additional 190,327 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in DuPont de Nemours by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 271,071 shares of the basic materials company’s stock worth $21,819,000 after purchasing an additional 8,578 shares during the last quarter. Mackenzie Financial Corp increased its position in DuPont de Nemours by 2.9% in the second quarter. Mackenzie Financial Corp now owns 263,085 shares of the basic materials company’s stock worth $21,176,000 after purchasing an additional 7,505 shares during the last quarter. Finally, Creative Planning increased its position in DuPont de Nemours by 10.8% in the second quarter. Creative Planning now owns 104,166 shares of the basic materials company’s stock worth $8,384,000 after purchasing an additional 10,166 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DD. JPMorgan Chase & Co. reduced their price target 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. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. 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. Barclays boosted 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 report on Wednesday, November 6th. Finally, 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, January 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Stock Down 1.0 %

NYSE:DD opened at $76.60 on Tuesday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a 50-day moving average of $78.92 and a 200 day moving average of $81.34. The firm has a market cap of $32.02 billion, a PE ratio of 40.32, 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 (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

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.