DuPont de Nemours, Inc. (NYSE:DD) Stake Boosted by Van ECK Associates Corp

Van ECK Associates Corp grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 29.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,514 shares of the basic materials company’s stock after purchasing an additional 18,401 shares during the quarter. Van ECK Associates Corp’s holdings in DuPont de Nemours were worth $6,215,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its position in shares of DuPont de Nemours by 793.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock valued at $93,000 after acquiring an additional 928 shares during the last quarter. Creative Planning lifted its position in shares of DuPont de Nemours by 1.1% during the 3rd quarter. Creative Planning now owns 105,327 shares of the basic materials company’s stock valued at $9,386,000 after acquiring an additional 1,161 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $248,000. Chicago Capital LLC lifted its position in shares of DuPont de Nemours by 6.2% during the 3rd quarter. Chicago Capital LLC now owns 3,214 shares of the basic materials company’s stock valued at $286,000 after acquiring an additional 188 shares during the last quarter. Finally, Resonant Capital Advisors LLC acquired a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $210,000. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DD has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Citigroup upped their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Stock Down 0.9 %

Shares of DD opened at $83.31 on Tuesday. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 1.70 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12 month low of $67.70 and a 12 month high of $90.06. The company has a 50-day moving average price of $77.58 and a two-hundred day moving average price of $81.12.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. Equities analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

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.