Daymark Wealth Partners LLC Sells 559 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Daymark Wealth Partners LLC reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,726 shares of the basic materials company’s stock after selling 559 shares during the quarter. Daymark Wealth Partners LLC’s holdings in DuPont de Nemours were worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in DuPont de Nemours by 6.5% during the second quarter. ProShare Advisors LLC now owns 70,318 shares of the basic materials company’s stock valued at $5,660,000 after acquiring an additional 4,321 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in shares of DuPont de Nemours during the second quarter worth about $257,000. EverSource Wealth Advisors LLC raised its stake in DuPont de Nemours by 258.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,137 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 1,540 shares during the period. Evergreen Capital Management LLC boosted its stake in DuPont de Nemours by 7.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,127 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 296 shares during the period. Finally, Marshall Wace LLP boosted its stake in DuPont de Nemours by 17.0% in the 2nd quarter. Marshall Wace LLP now owns 112,356 shares of the basic materials company’s stock worth $9,044,000 after purchasing an additional 16,288 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE DD opened at $78.17 on Friday. The business’s 50 day moving average price is $79.11 and its 200-day moving average price is $81.36. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a market cap of $32.67 billion, a P/E ratio of 41.14, a P/E/G ratio of 1.71 and a beta of 1.35. 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 posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on DD. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. dropped 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 report on Wednesday, January 15th. Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Barclays increased their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets reduced their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, 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.