Avanza Fonder AB Purchases Shares of 43,364 DuPont de Nemours, Inc. (NYSE:DD)

Avanza Fonder AB bought a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 43,364 shares of the basic materials company’s stock, valued at approximately $3,307,000.

Several other hedge funds have also made changes to their positions in DD. American Century Companies Inc. lifted its stake in shares of DuPont de Nemours by 26.7% in the second quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock valued at $7,733,000 after buying an additional 20,266 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of DuPont de Nemours by 4.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 56,662 shares of the basic materials company’s stock valued at $4,553,000 after buying an additional 2,276 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of DuPont de Nemours by 19.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,255 shares of the basic materials company’s stock valued at $3,894,000 after buying an additional 8,400 shares during the period. Hsbc Holdings PLC lifted its stake in shares of DuPont de Nemours by 2.2% in the second quarter. Hsbc Holdings PLC now owns 835,601 shares of the basic materials company’s stock valued at $67,238,000 after buying an additional 17,970 shares during the period. Finally, MQS Management LLC bought a new stake in shares of DuPont de Nemours in the second quarter valued at about $468,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE DD opened at $77.50 on Friday. The firm has a market cap of $32.39 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35. The company has a 50 day moving average of $79.53 and a 200-day moving average of $81.39. 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 1-year low of $61.14 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share 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 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 company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DD. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday. JPMorgan Chase & Co. cut their price target 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. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Barclays raised their price target 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. Finally, BMO Capital Markets cut their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours 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.