Sequoia Financial Advisors LLC Has $30.76 Million Position in DuPont de Nemours, Inc. $DD

Sequoia Financial Advisors LLC boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 75.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,513 shares of the basic materials company’s stock after acquiring an additional 192,460 shares during the quarter. Sequoia Financial Advisors LLC owned 0.11% of DuPont de Nemours worth $30,764,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DD. Brighton Jones LLC raised its stake in DuPont de Nemours by 19.6% during the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock worth $382,000 after acquiring an additional 822 shares in the last quarter. Azzad Asset Management Inc. ADV increased its stake in shares of DuPont de Nemours by 1.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 36,363 shares of the basic materials company’s stock valued at $2,716,000 after buying an additional 382 shares in the last quarter. Stock Yards Bank & Trust Co. increased its stake in shares of DuPont de Nemours by 8.7% in the first quarter. Stock Yards Bank & Trust Co. now owns 7,698 shares of the basic materials company’s stock valued at $575,000 after buying an additional 613 shares in the last quarter. Missouri Trust & Investment Co increased its stake in shares of DuPont de Nemours by 0.9% in the first quarter. Missouri Trust & Investment Co now owns 25,919 shares of the basic materials company’s stock valued at $1,936,000 after buying an additional 243 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of DuPont de Nemours by 48.8% in the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company’s stock valued at $333,000 after buying an additional 1,464 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of DD stock opened at $73.82 on Monday. The stock has a 50-day moving average price of $76.02 and a 200 day moving average price of $70.98. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The firm has a market cap of $30.91 billion, a price-to-earnings ratio of -157.06, a PEG ratio of 2.13 and a beta of 1.08. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $87.80.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The firm had revenue of $3.02 billion for the quarter. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president owned 38,585 shares in the company, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 in the last quarter. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DD shares. Mizuho raised their target price on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $94.00 target price on shares of DuPont de Nemours in a research note on Friday, September 19th. KeyCorp raised their target price on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. BMO Capital Markets lowered their target price on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. Finally, Wells Fargo & Company lifted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus price target of $88.33.

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.