DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lessened its stake in DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 14.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,144 shares of the basic materials company’s stock after selling 1,377 shares during the quarter. Avantax Advisory Services Inc.’s holdings in DuPont de Nemours were worth $410,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in DuPont de Nemours during the 2nd quarter worth $27,000. Evoke Wealth LLC increased its stake in DuPont de Nemours by 84.7% during the 2nd quarter. Evoke Wealth LLC now owns 556 shares of the basic materials company’s stock worth $31,000 after buying an additional 255 shares during the period. Montag A & Associates Inc. increased its stake in DuPont de Nemours by 76.0% during the 2nd quarter. Montag A & Associates Inc. now owns 595 shares of the basic materials company’s stock worth $33,000 after buying an additional 257 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in DuPont de Nemours by 833.8% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 663 shares of the basic materials company’s stock worth $33,000 after buying an additional 592 shares during the period. Finally, Fairfield Bush & CO. purchased a new stake in DuPont de Nemours during the 1st quarter worth $50,000. Institutional investors and hedge funds own 71.91% of the company’s stock.

DuPont de Nemours Stock Down 0.5 %

NYSE DD opened at $74.94 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.39 and a quick ratio of 1.99. The company’s 50 day simple moving average is $70.71 and its 200 day simple moving average is $62.05. DuPont de Nemours, Inc. has a 12 month low of $49.52 and a 12 month high of $84.08. The company has a market capitalization of $37.23 billion, a P/E ratio of 20.70, a PEG ratio of 3.59 and a beta of 1.43.

DuPont de Nemours (NYSE:DDGet Rating) last released its earnings results on Tuesday, November 8th. The basic materials company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. DuPont de Nemours had a net margin of 13.02% and a return on equity of 6.95%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm earned $1.15 EPS. The business’s revenue for the quarter was down 22.7% on a year-over-year basis. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on DD. Credit Suisse Group lifted their price target on shares of DuPont de Nemours from $64.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 9th. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $60.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 9th. KeyCorp dropped their target price on shares of DuPont de Nemours from $82.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, October 4th. Mizuho boosted their target price on shares of DuPont de Nemours from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, January 12th. Finally, Barclays dropped their target price on shares of DuPont de Nemours from $64.00 to $61.00 in a research report on Tuesday, October 11th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.79.

DuPont de Nemours Company Profile

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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Mobility & Materials. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.

Further Reading

Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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