DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Shelton Wealth Management LLC

Shelton Wealth Management LLC grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 49.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,029 shares of the basic materials company’s stock after acquiring an additional 2,996 shares during the quarter. Shelton Wealth Management LLC’s holdings in DuPont de Nemours were worth $688,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at about $27,000. Quarry LP purchased a new stake in DuPont de Nemours in the 2nd quarter valued at approximately $37,000. Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours during the third quarter worth $38,000. FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the third quarter worth $39,000. Finally, True Wealth Design LLC lifted its position in shares of DuPont de Nemours by 2,378.9% in the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 452 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 1.1 %

Shares of DD stock opened at $77.50 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $32.39 billion, a P/E ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The firm has a 50-day moving average price of $79.53 and a 200 day moving average price of $81.39.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup reduced 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 report on Wednesday, December 18th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. 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 report on Wednesday, November 6th. BMO Capital Markets cut 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

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.