DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Anchor Investment Management LLC

Anchor Investment Management LLC lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 22.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,736 shares of the basic materials company’s stock after purchasing an additional 507 shares during the period. Anchor Investment Management LLC’s holdings in DuPont de Nemours were worth $220,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC increased its holdings in shares of 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 acquiring an additional 982 shares during the period. Lake Street Advisors Group LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $227,000. Tower Research Capital LLC TRC raised its holdings in shares of DuPont de Nemours by 55.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 44,050 shares of the basic materials company’s stock valued at $3,389,000 after buying an additional 15,633 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of DuPont de Nemours by 171.6% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 66,976 shares of the basic materials company’s stock worth $5,152,000 after buying an additional 42,313 shares during the period. Finally, Cibc World Markets Corp bought a new position in DuPont de Nemours in the 4th quarter worth approximately $4,320,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 0.4 %

Shares of DD stock opened at $87.50 on Friday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The stock has a market cap of $36.58 billion, a price-to-earnings ratio of 106.71, a P/E/G ratio of 2.23 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The firm has a fifty day moving average of $82.01 and a 200-day moving average of $79.51.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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