DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Jennison Associates LLC

Jennison Associates LLC raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 492,658 shares of the basic materials company’s stock after purchasing an additional 1,630 shares during the quarter. Jennison Associates LLC’s holdings in DuPont de Nemours were worth $37,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DD. State Street Corp increased its position in shares of DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after acquiring an additional 399,728 shares during the period. Geode Capital Management LLC grew its stake in DuPont de Nemours by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after purchasing an additional 100,198 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after purchasing an additional 570,703 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of DuPont de Nemours by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after purchasing an additional 39,189 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of DuPont de Nemours by 22.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock worth $176,147,000 after purchasing an additional 365,796 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup decreased their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Morgan Stanley upped their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. cut their price target 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. Barclays upped their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Stock Up 1.2 %

DD stock opened at $76.99 on Wednesday. The stock has a market capitalization of $32.18 billion, a P/E ratio of 40.52, a P/E/G ratio of 1.68 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $61.20 and a 52 week high of $90.06. The firm has a 50-day simple moving average of $78.15 and a 200-day simple moving average of $81.16. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Equities 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.