Birmingham Capital Management Co. Inc. AL Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Birmingham Capital Management Co. Inc. AL decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 5.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,868 shares of the basic materials company’s stock after selling 1,831 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in DuPont de Nemours were worth $2,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours during the first quarter valued at about $25,000. ESL Trust Services LLC purchased a new stake in DuPont de Nemours during the 1st quarter valued at about $26,000. LifeSteps Financial Inc. bought a new position in DuPont de Nemours during the 1st quarter worth approximately $28,000. Denver PWM LLC purchased a new position in DuPont de Nemours in the 2nd quarter worth approximately $28,000. Finally, Fortitude Family Office LLC lifted its position in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the topic 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 on the stock in a research note on Friday, July 12th. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price 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. 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. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Trading Down 1.3 %

DD opened at $87.92 on Wednesday. The stock has a market cap of $36.76 billion, a PE ratio of 107.22, a PEG ratio of 2.23 and a beta of 1.33. The business has a 50 day moving average of $81.68 and a 200-day moving average of $79.39. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion for 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 company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. Equities research analysts predict that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal 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.