Addenda Capital Inc. Sells 258 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Addenda Capital Inc. decreased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 90,769 shares of the basic materials company’s stock after selling 258 shares during the period. Addenda Capital Inc.’s holdings in DuPont de Nemours were worth $6,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the 2nd quarter valued at $27,000. Quarry LP bought a new stake in DuPont de Nemours during the 2nd quarter valued at $37,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours in the 3rd quarter worth $38,000. FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours in the 3rd quarter worth $39,000. Finally, True Wealth Design LLC raised its position in shares of DuPont de Nemours by 2,378.9% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DD. Royal Bank of Canada boosted 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. Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Citigroup dropped their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Morgan Stanley boosted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company boosted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. One equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Stock Performance

NYSE DD opened at $77.50 on Tuesday. The stock has a 50-day moving average of $79.41 and a 200 day moving average of $81.41. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The stock has a market capitalization 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 current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

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 analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

About DuPont de Nemours

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.