Axiom Advisory LLC Increases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Axiom Advisory LLC grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,784 shares of the basic materials company’s stock after acquiring an additional 153 shares during the quarter. Axiom Advisory LLC’s holdings in DuPont de Nemours were worth $605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Schroder Investment Management Group boosted its stake in DuPont de Nemours by 2.0% in the fourth quarter. Schroder Investment Management Group now owns 212,267 shares of the basic materials company’s stock valued at $16,330,000 after acquiring an additional 4,255 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth about $449,000. Connectus Wealth LLC grew its stake in shares of DuPont de Nemours by 4.6% in the 4th quarter. Connectus Wealth LLC now owns 6,282 shares of the basic materials company’s stock valued at $484,000 after purchasing an additional 276 shares during the last quarter. Shell Asset Management Co. grew its position in DuPont de Nemours by 5.5% in the 4th quarter. Shell Asset Management Co. now owns 21,485 shares of the basic materials company’s stock valued at $1,653,000 after buying an additional 1,122 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co raised its holdings in DuPont de Nemours by 4.3% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 40,079 shares of the basic materials company’s stock worth $3,083,000 after purchasing an additional 1,661 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 1.7 %

Shares of NYSE DD opened at $84.48 on Wednesday. The firm’s 50 day moving average price is $82.34 and its 200 day moving average price is $79.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The firm has a market cap of $35.32 billion, a P/E ratio of 103.02, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $88.00 to $84.00 in a report on Monday. Royal Bank of Canada lifted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Citigroup dropped 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 report on Friday, July 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.91.

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.