Old North State Trust LLC Has $345,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Old North State Trust LLC raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 7.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,282 shares of the basic materials company’s stock after acquiring an additional 315 shares during the quarter. Old North State Trust LLC’s holdings in DuPont de Nemours were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. Vanguard Group Inc. boosted its stake in DuPont de Nemours by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after acquiring an additional 3,168,740 shares in the last quarter. Putnam Investments LLC raised its holdings in shares of DuPont de Nemours by 3.2% during the fourth quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock valued at $399,784,000 after purchasing an additional 159,438 shares during the period. Legal & General Group Plc grew its stake in shares of DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after buying an additional 25,857 shares during the period. Mondrian Investment Partners LTD increased its position in DuPont de Nemours by 9.5% in the 1st quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock valued at $137,995,000 after buying an additional 156,339 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of DuPont de Nemours by 34.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after purchasing an additional 391,400 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DD shares. Citigroup reduced their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada increased their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Stock Up 0.4 %

Shares of NYSE:DD opened at $89.54 on Monday. The company has a market capitalization of $37.44 billion, a PE ratio of 109.20, a price-to-earnings-growth ratio of 2.23 and a beta of 1.33. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The business has a fifty day moving average price of $81.35 and a two-hundred day moving average price of $79.18.

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