Canandaigua National Bank & Trust Co. Purchases 564 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Canandaigua National Bank & Trust Co. grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,566 shares of the basic materials company’s stock after buying an additional 564 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in DuPont de Nemours were worth $1,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DD. Vanguard Group Inc. grew its stake in DuPont de Nemours by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after purchasing an additional 3,168,740 shares during the period. Putnam Investments LLC grew its stake in DuPont de Nemours by 3.2% in the fourth quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock valued at $399,784,000 after acquiring an additional 159,438 shares during the period. Legal & General Group Plc grew its stake in DuPont de Nemours by 0.7% in the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after acquiring an additional 25,857 shares during the period. Mondrian Investment Partners LTD grew its stake in DuPont de Nemours by 9.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock valued at $137,995,000 after acquiring an additional 156,339 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after acquiring an additional 391,400 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DD traded up $0.40 during trading hours on Friday, hitting $87.54. The stock had a trading volume of 845,503 shares, compared to its average volume of 2,585,754. The company’s fifty day simple moving average is $82.01 and its 200 day simple moving average is $79.51. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The stock has a market cap of $36.60 billion, a PE ratio of 106.71, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. 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 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. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

DD has been the subject of a number of research reports. Citigroup reduced their price objective on 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 raised their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada raised 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. 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 data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus 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.