Ingalls & Snyder LLC Sells 3,568 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ingalls & Snyder LLC reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 116,729 shares of the basic materials company’s stock after selling 3,568 shares during the quarter. Ingalls & Snyder LLC’s holdings in DuPont de Nemours were worth $8,901,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth about $29,000. Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours during the third quarter valued at approximately $38,000. Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $33,000. Finally, FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours during the third quarter valued at approximately $39,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.4 %

NYSE DD opened at $81.78 on Thursday. The company has a fifty day simple moving average of $77.53 and a two-hundred day simple moving average of $81.09. The stock has a market cap of $34.18 billion, a P/E ratio of 43.04, a P/E/G ratio of 1.70 and a beta of 1.34. DuPont de Nemours, Inc. has a 12-month low of $66.10 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.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. On average, analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

Analyst Ratings Changes

DD has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley boosted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. BMO Capital Markets lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $97.25.

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.