Delta Financial Group Inc. Takes $345,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Delta Financial Group Inc. acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,869 shares of the basic materials company’s stock, valued at approximately $345,000.

A number of other institutional investors have also recently bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter worth about $25,000. ESL Trust Services LLC bought a new position in DuPont de Nemours during the first quarter valued at approximately $26,000. Denver PWM LLC acquired a new stake in DuPont de Nemours in the second quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours in the second quarter worth approximately $27,000. Finally, LifeSteps Financial Inc. acquired a new position in shares of DuPont de Nemours during the 1st quarter worth $28,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

DD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped 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. Royal Bank of Canada upped their price target 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. Finally, Citigroup cut their price objective on 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Down 1.0 %

DD opened at $87.14 on Friday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The business has a 50 day moving average of $81.85 and a 200-day moving average of $79.46. The stock has a market capitalization of $36.43 billion, a price-to-earnings ratio of 106.27, a P/E/G ratio of 2.23 and a beta of 1.34. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

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

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.