Grove Bank & Trust Grows Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Grove Bank & Trust lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 91.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 818 shares of the basic materials company’s stock after buying an additional 391 shares during the period. Grove Bank & Trust’s holdings in DuPont de Nemours were worth $62,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours during the 3rd quarter valued at about $38,000. FSA Wealth Management LLC purchased a new position in DuPont de Nemours during the 3rd quarter valued at about $39,000. Quarry LP purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $37,000. Finally, True Wealth Design LLC boosted its position 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 acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research report on Friday. JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Citigroup dropped their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company boosted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Stock Performance

DD stock opened at $77.50 on Tuesday. The stock has a market capitalization of $32.39 billion, a PE ratio of 40.79, a price-to-earnings-growth 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 company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock’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 announced its earnings results 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 during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

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.