Nisa Investment Advisors LLC, a Delaware-based investment firm, recently reported a 4.0% decline in its position in DuPont de Nemours, Inc (NYSE:DD). Nisa owned 203,892 shares of the basic materials company at the end of the fourth quarter after selling 8,461 of his shares, according to the company’s latest Securities and Exchange Commission (SEC) filings. Nisa’s total holdings in DuPont de Nemours amounted to $13,993,000.
DuPont de Nemours announced its financial results on Tuesday, February 7th. The company reported earnings per share (EPS) of $0.89 for the quarter, beating analyst consensus expectations of $0.79 by $0.10. Despite a relatively low return on equity of 6.45%, DuPont de Nemours’ net profit margin was a staggering 44.54%. The company made his $3.1 billion in revenue for the quarter, beating consensus expectations of $3.09 billion. Analysts expect DuPont de Nemours to record his EPS of about 3.71 this year, although earnings fell about 27.9% compared to the same quarter last year, when EPS was $1.08. .
DuPont de Nemours is primarily a holding company and is primarily involved in the development of specialty agricultural products and materials, including chemicals with applications in various industries and segments such as water and conservation, enterprise and others. It operates in his three main segments of Electronics and Industrial.
The downsizing of Nisa Investment Advisors LLC may speak to some of DuPont de Nemours’ financials. Attention has shifted to how effective the company’s product development process is in long-term sustainable electronic products. portfolio.
Overall, there is short-term uncertainty due to political instability and pandemic turmoil, but Dupont de Nemours is unlikely to be affected in the long term given its stable position in the market. Their business is well diversified and very resilient to major downturns within the sector. This should give analysts optimism on future earnings reports, despite Nisa’s current stance, which also affects other investors.
Investors Drive Investment in Dupont de Nemours
DuPont de Nemours, a developer of specialty materials and chemicals, is seeing increased investment from a number of large investors. Forsta AP Fonden increased his stake in the company by 37% in the fourth quarter of 2016, and he also purchased 52,700 shares, taking his 195,300 shares worth a total of $13.4 million. Meanwhile, Waverton Investment Management increased his shareholding by 3.4%, adding 50,359 shares, bringing his total shareholding to 1,512,791 shares worth $103.8 million. His DuPont de Nemours stock opened at $70.29 on Friday. Over the past year, the high is $78.40 and the low is $49.52.