Fort Washington Investment Advisors Inc. OH Sells 100,092 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Fort Washington Investment Advisors Inc. OH lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,687,524 shares of the basic materials company’s stock after selling 100,092 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.40% of DuPont de Nemours worth $128,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Zurich Insurance Group Ltd FI bought a new position in shares of DuPont de Nemours in the 2nd quarter valued at about $83,540,000. Assenagon Asset Management S.A. grew its stake in DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares in the last quarter. Franklin Resources Inc. increased its position in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares during the last quarter. Zacks Investment Management bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth approximately $42,810,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of DuPont de Nemours by 48.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after buying an additional 461,400 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $78.43 on Wednesday. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The firm has a market cap of $32.78 billion, a price-to-earnings ratio of 41.28, a P/E/G ratio of 1.69 and a beta of 1.35. The stock’s fifty day moving average price is $79.33 and its two-hundred day moving average price is $81.41.

DuPont de Nemours (NYSE:DD) last released its quarterly 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. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company posted $0.92 earnings per share. DuPont de Nemours’s revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on DD. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Wolfe Research upgraded 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 note on Friday, January 17th. Finally, Royal Bank of Canada lifted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.