Evergreen Capital Management LLC Increases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Evergreen Capital Management LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,127 shares of the basic materials company’s stock after purchasing an additional 296 shares during the period. Evergreen Capital Management LLC’s holdings in DuPont de Nemours were worth $332,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. TD Asset Management Inc lifted its holdings in DuPont de Nemours by 16.4% during the 4th quarter. TD Asset Management Inc now owns 186,804 shares of the basic materials company’s stock worth $14,371,000 after buying an additional 26,343 shares in the last quarter. Stifel Financial Corp raised its stake in shares of DuPont de Nemours by 5.9% in the fourth quarter. Stifel Financial Corp now owns 272,830 shares of the basic materials company’s stock valued at $20,989,000 after acquiring an additional 15,135 shares in the last quarter. Focus Financial Network Inc. ADV purchased a new position in DuPont de Nemours in the fourth quarter valued at $318,000. Legacy Advisors LLC acquired a new position in DuPont de Nemours during the 4th quarter worth $251,000. Finally, Treasurer of the State of North Carolina increased its holdings in DuPont de Nemours by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 203,757 shares of the basic materials company’s stock worth $15,675,000 after purchasing an additional 1,990 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

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

DuPont de Nemours Stock Performance

Shares of DD stock opened at $89.19 on Friday. The stock’s 50-day moving average is $81.15 and its two-hundred day moving average is $78.98. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $89.41. The firm has a market cap of $37.25 billion, a price-to-earnings ratio of 108.77, a PEG ratio of 2.23 and a beta of 1.33.

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, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. Analysts predict 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.