Regent Peak Wealth Advisors LLC Invests $218,000 in DuPont de Nemours, Inc. (NYSE:DD)

Regent Peak Wealth Advisors LLC bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the third quarter, Holdings Channel reports. The fund bought 2,441 shares of the basic materials company’s stock, valued at approximately $218,000.

Several other hedge funds have also modified their holdings of the stock. Mediolanum International Funds Ltd purchased a new stake in DuPont de Nemours during the first quarter valued at about $2,842,000. Sequoia Financial Advisors LLC boosted its stake in DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after purchasing an additional 28,553 shares during the period. State Board of Administration of Florida Retirement System grew its position in DuPont de Nemours by 9.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock worth $42,953,000 after purchasing an additional 53,694 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in DuPont de Nemours during the 2nd quarter worth approximately $1,610,000. Finally, Cetera Investment Advisers raised its stake in DuPont de Nemours by 186.5% during the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after purchasing an additional 56,870 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.6 %

DuPont de Nemours stock traded up $0.48 during mid-day trading on Wednesday, hitting $85.19. 262,965 shares of the company’s stock were exchanged, compared to its average volume of 2,543,351. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The stock has a 50 day moving average of $82.92 and a two-hundred day moving average of $80.16. The stock has a market cap of $35.62 billion, a P/E ratio of 103.33, a P/E/G ratio of 2.26 and a beta of 1.34. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on DD shares. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $88.00 to $84.00 in a research report on Monday, October 7th. Royal Bank of Canada lifted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Citigroup lowered their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.91.

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.