Forsta AP Fonden Purchases 22,900 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Forsta AP Fonden increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 23.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 122,300 shares of the basic materials company’s stock after acquiring an additional 22,900 shares during the period. Forsta AP Fonden’s holdings in DuPont de Nemours were worth $8,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its position in shares of DuPont de Nemours by 20.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 14,629,283 shares of the basic materials company’s stock valued at $994,645,000 after buying an additional 2,433,902 shares during the period. Royal Bank of Canada raised its stake in DuPont de Nemours by 137.4% in the second quarter. Royal Bank of Canada now owns 2,356,128 shares of the basic materials company’s stock worth $182,390,000 after buying an additional 1,363,537 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in DuPont de Nemours by 78.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 2,588,853 shares of the basic materials company’s stock worth $176,016,000 after buying an additional 1,141,688 shares in the last quarter. Amundi bought a new position in DuPont de Nemours in the second quarter worth approximately $83,980,000. Finally, State Street Corp increased its position in shares of DuPont de Nemours by 3.9% during the second quarter. State Street Corp now owns 28,875,172 shares of the basic materials company’s stock worth $2,235,227,000 after purchasing an additional 1,081,191 shares in the last quarter. Institutional investors own 69.56% of the company’s stock.

Shares of NYSE:DD opened at $84.97 on Friday. The company has a market cap of $44.44 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.60 and a beta of 1.49. DuPont de Nemours, Inc. has a fifty-two week low of $66.37 and a fifty-two week high of $86.28. The firm’s 50-day simple moving average is $79.22 and its 200-day simple moving average is $75.47. The company has a quick ratio of 1.34, a current ratio of 2.01 and a debt-to-equity ratio of 0.39.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 2nd. The basic materials company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.09 billion. DuPont de Nemours had a net margin of 36.78% and a return on equity of 7.94%. During the same quarter in the previous year, the firm earned $0.88 earnings per share. On average, research analysts forecast that DuPont de Nemours, Inc. will post 4.22 EPS for the current year.

A number of brokerages have recently weighed in on DD. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, November 3rd. Credit Suisse Group raised shares of DuPont de Nemours from a “neutral” rating to an “outperform” rating and upped their price target for the company from $76.00 to $95.00 in a report on Wednesday, November 3rd. Zacks Investment Research lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating and set a $83.00 target price on the stock. in a research note on Friday, November 5th. Morgan Stanley reduced their price target on shares of DuPont de Nemours from $98.00 to $93.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, UBS Group upped their price target on shares of DuPont de Nemours from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, December 20th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $92.05.

In other DuPont de Nemours news, insider Michael G. Goss sold 1,145 shares of the company’s stock in a transaction dated Monday, January 3rd. The shares were sold at an average price of $81.50, for a total value of $93,317.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leland Weaver sold 2,183 shares of the business’s stock in a transaction that occurred on Thursday, January 13th. The shares were sold at an average price of $84.00, for a total transaction of $183,372.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

About DuPont de Nemours

DuPont de Nemours, Inc operates as a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial; Water & Protection; and Mobility & Materials. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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