DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 42,918 shares of the basic materials company’s stock after selling 449 shares during the quarter. Wesbanco Bank Inc.’s holdings in DuPont de Nemours were worth $3,273,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the 2nd quarter worth about $27,000. Quarry LP acquired a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $37,000. Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours during the 3rd quarter valued at about $38,000. FSA Wealth Management LLC acquired a new stake in shares of DuPont de Nemours during the 3rd quarter valued at about $39,000. Finally, True Wealth Design LLC boosted its holdings in 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 buying an additional 452 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DD has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. 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 report on Friday, January 17th. BMO Capital Markets lowered their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Citigroup decreased their target price on shares of 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. 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 company’s stock. According to MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Trading Down 1.1 %

NYSE:DD opened at $77.60 on Thursday. The stock has a 50-day simple moving average of $79.21 and a 200-day simple moving average of $81.38. The stock has a market cap of $32.43 billion, a P/E ratio of 40.84, a P/E/G ratio of 1.71 and a beta of 1.35. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

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 (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion during 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 business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

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.