Bremer Bank National Association Lowers Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Bremer Bank National Association lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 58,415 shares of the basic materials company’s stock after selling 265 shares during the period. Bremer Bank National Association’s holdings in DuPont de Nemours were worth $4,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours during the second quarter worth about $27,000. Quarry LP purchased a new position in shares of DuPont de Nemours during the second quarter worth about $37,000. Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours during the third quarter worth about $38,000. FSA Wealth Management LLC purchased a new stake in DuPont de Nemours in the 3rd quarter valued at approximately $39,000. Finally, True Wealth Design LLC boosted its holdings in DuPont de Nemours by 2,378.9% in the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.1 %

Shares of DuPont de Nemours stock opened at $77.50 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. 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. The business has a 50 day moving average price of $79.53 and a 200 day moving average price of $81.42.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DD shares. Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday, January 13th. 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 report on Friday. BMO Capital Markets lowered 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, Morgan Stanley lifted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours 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.