Aviso Wealth Management Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Aviso Wealth Management trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 13.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,658 shares of the basic materials company’s stock after selling 1,038 shares during the period. Aviso Wealth Management’s holdings in DuPont de Nemours were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd acquired a new position in DuPont de Nemours in the 1st quarter worth $2,842,000. Red Mountain Financial LLC acquired a new position in DuPont de Nemours in the 4th quarter worth $980,000. CIBC Private Wealth Group LLC lifted its holdings in DuPont de Nemours by 6.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock worth $1,198,000 after buying an additional 982 shares in the last quarter. Beacon Financial Group acquired a new position in DuPont de Nemours in the 4th quarter worth $2,310,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after buying an additional 28,553 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $89.54 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The firm has a 50-day simple moving average of $81.35 and a 200 day simple moving average of $79.15. The company has a market cap of $37.40 billion, a PE ratio of 109.20, a P/E/G ratio of 2.23 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on DD. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

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.