DuPont de Nemours, Inc. (NYSE:DD) Position Boosted by Shellback Capital LP

Shellback Capital LP lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 167.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 513,956 shares of the basic materials company’s stock after purchasing an additional 321,456 shares during the quarter. DuPont de Nemours comprises approximately 3.0% of Shellback Capital LP’s holdings, making the stock its 3rd largest holding. Shellback Capital LP owned approximately 0.12% of DuPont de Nemours worth $41,368,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

DD has been the subject of several analyst reports. 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 note on Friday, July 12th. Deutsche Bank Aktiengesellschaft upped their price objective 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 raised their target price 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Up 3.8 %

DD stock opened at $89.19 on Friday. The firm has a fifty day moving average price of $81.15 and a two-hundred day moving average price of $78.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. 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 released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. DuPont de Nemours’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS 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.