GAMMA Investing LLC Has $828,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

GAMMA Investing LLC increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 74.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,290 shares of the basic materials company’s stock after acquiring an additional 3,960 shares during the period. GAMMA Investing LLC’s holdings in DuPont de Nemours were worth $828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter worth about $25,000. ESL Trust Services LLC bought a new position in shares of DuPont de Nemours in the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours in the second quarter valued at approximately $27,000. Denver PWM LLC bought a new stake in DuPont de Nemours during the 2nd quarter worth approximately $28,000. Finally, Fortitude Family Office LLC increased its holdings in DuPont de Nemours by 46.6% during the 2nd 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 in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DD shares. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $88.00 to $84.00 in a report on Monday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.91.

DuPont de Nemours Stock Performance

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

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last 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 expect that DuPont de Nemours, Inc. will post 3.74 earnings per share 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.