ZWJ Investment Counsel Inc. Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

ZWJ Investment Counsel Inc. cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.7% during the 4th quarter, HoldingsChannel reports. The firm owned 7,498 shares of the basic materials company’s stock after selling 292 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the 2nd quarter worth approximately $27,000. Quarry LP purchased a new stake in shares of DuPont de Nemours during the second quarter valued at approximately $37,000. Ashton Thomas Securities LLC acquired a new position in shares of DuPont de Nemours during the third quarter worth $38,000. FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the third quarter valued at $39,000. Finally, True Wealth Design LLC grew its holdings in DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.1 %

Shares of DuPont de Nemours stock opened at $77.50 on Tuesday. 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. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $79.41 and its 200-day simple moving average is $81.41.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DD shares. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company raised their price objective 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. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

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.