Pallas Capital Advisors LLC Trims Position in DuPont de Nemours, Inc. (NYSE:DD)

Pallas Capital Advisors LLC trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,545 shares of the basic materials company’s stock after selling 1,106 shares during the period. Pallas Capital Advisors LLC’s holdings in DuPont de Nemours were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours during the second quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours during the 3rd quarter worth $38,000. FSA Wealth Management LLC bought a new stake in DuPont de Nemours during the 3rd quarter valued at $39,000. Quarry LP purchased a new stake in shares of DuPont de Nemours in the 2nd quarter worth $37,000. Finally, True Wealth Design LLC grew its position in shares of DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after buying an additional 452 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DD. Morgan Stanley lifted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Citigroup lowered their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada increased their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Price Performance

Shares of DD stock opened at $75.31 on Wednesday. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The firm has a market capitalization of $31.48 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 1.95 and a beta of 1.35. The stock’s 50-day simple moving average is $80.02 and its 200-day simple moving average is $81.47.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours 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.