The Manufacturers Life Insurance Company Has $19.15 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

The Manufacturers Life Insurance Company lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 379,981 shares of the basic materials company’s stock after selling 4,140 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of DuPont de Nemours worth $19,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fairfield Bush & CO. bought a new position in shares of DuPont de Nemours in the 1st quarter valued at approximately $50,000. United Bank lifted its stake in shares of DuPont de Nemours by 7.6% in the first quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after buying an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of DuPont de Nemours during the 1st quarter worth $195,000. Blair William & Co. IL grew its stake in DuPont de Nemours by 0.9% in the 1st quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock valued at $6,964,000 after buying an additional 866 shares during the last quarter. Finally, Prudential PLC acquired a new position in DuPont de Nemours during the 1st quarter worth $821,000. 71.91% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 0.5 %

DD stock opened at $74.94 on Wednesday. The business has a fifty day moving average price of $70.71 and a 200 day moving average price of $62.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.39 and a quick ratio of 1.99. DuPont de Nemours, Inc. has a fifty-two week low of $49.52 and a fifty-two week high of $84.08. The stock has a market capitalization of $37.23 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 3.59 and a beta of 1.43.

DuPont de Nemours (NYSE:DD – Get Rating) last announced its earnings results on Tuesday, November 8th. The basic materials company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. DuPont de Nemours had a return on equity of 6.95% and a net margin of 13.02%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company posted $1.15 earnings per share. The firm’s quarterly revenue was down 22.7% compared to the same quarter last year. Analysts expect that DuPont de Nemours, Inc. will post 3.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Bank of America dropped their price objective on DuPont de Nemours from $77.00 to $73.00 in a research note on Tuesday, October 11th. KeyCorp cut their price target on DuPont de Nemours from $82.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, October 4th. Barclays lowered their price objective on shares of DuPont de Nemours from $64.00 to $61.00 in a research note on Tuesday, October 11th. Mizuho increased their target price on shares of DuPont de Nemours from $82.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, January 12th. Finally, Deutsche Bank Aktiengesellschaft lowered DuPont de Nemours from a “buy” rating to a “hold” rating and boosted their price target for the company from $75.00 to $80.00 in a research note on Tuesday, January 17th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.79.

DuPont de Nemours Company Profile

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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Mobility & Materials. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.