Bryn Mawr Capital Management LLC Cuts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Bryn Mawr Capital Management LLC decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 85.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,658 shares of the basic materials company’s stock after selling 63,789 shares during the period. Bryn Mawr Capital Management LLC’s holdings in DuPont de Nemours were worth $813,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of DD. Choreo LLC increased its position in shares of DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after acquiring an additional 8,205 shares during the last quarter. Merit Financial Group LLC increased its position in shares of DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Jennison Associates LLC raised its stake in shares of DuPont de Nemours by 2.0% during the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after purchasing an additional 9,730 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after buying an additional 21,435 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in DuPont de Nemours by 38.4% during the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after buying an additional 10,012 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. Finally, Citigroup upped their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Stock Up 0.5 %

DD stock opened at $82.80 on Friday. The stock has a 50-day simple moving average of $77.67 and a two-hundred day simple moving average of $81.17. DuPont de Nemours, Inc. has a twelve month low of $67.77 and a twelve month high of $90.06. The firm has a market capitalization of $34.62 billion, a PE ratio of 49.58, a PEG ratio of 2.19 and a beta of 1.34. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal 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.