Czech National Bank Purchases 5,374 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Czech National Bank increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,048 shares of the basic materials company’s stock after buying an additional 5,374 shares during the quarter. Czech National Bank’s holdings in DuPont de Nemours were worth $7,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DD. Palisade Asset Management LLC bought a new stake in DuPont de Nemours in the 1st quarter worth approximately $25,000. ESL Trust Services LLC bought a new stake in DuPont de Nemours in the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours in the second quarter valued at approximately $27,000. LifeSteps Financial Inc. bought a new stake in DuPont de Nemours in the first quarter valued at approximately $28,000. Finally, Denver PWM LLC bought a new stake in DuPont de Nemours in the second quarter valued at approximately $28,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on DD shares. Citigroup lowered their price objective on 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. Royal Bank of Canada boosted their price objective on 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 boosted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Price Performance

DD opened at $87.54 on Friday. The stock has a market capitalization of $36.60 billion, a PE ratio of 106.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. The stock’s 50 day moving average price is $82.16 and its 200-day moving average price is $79.61. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. 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 (NYSE:DD) last issued its quarterly earnings results 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 for 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 firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, equities 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.