Wilmington Savings Fund Society FSB Cuts Holdings in DuPont de Nemours, Inc. $DD

Wilmington Savings Fund Society FSB decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 5.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,233 shares of the basic materials company’s stock after selling 6,541 shares during the period. Wilmington Savings Fund Society FSB’s holdings in DuPont de Nemours were worth $8,384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its stake in shares of DuPont de Nemours by 3.0% during the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock worth $318,000 after purchasing an additional 134 shares in the last quarter. Summit Financial LLC increased its stake in shares of DuPont de Nemours by 3.7% during the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock worth $304,000 after purchasing an additional 146 shares in the last quarter. Belpointe Asset Management LLC increased its stake in shares of DuPont de Nemours by 1.8% during the first quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company’s stock worth $653,000 after purchasing an additional 152 shares in the last quarter. Ballast Inc. increased its stake in shares of DuPont de Nemours by 0.9% during the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company’s stock worth $1,326,000 after purchasing an additional 159 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in shares of DuPont de Nemours by 16.9% during the first quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the sale, the senior vice president directly owned 38,585 shares in the company, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on DD. Royal Bank Of Canada reissued an “outperform” rating and set a $94.00 target price on shares of DuPont de Nemours in a research note on Friday, September 19th. Citigroup boosted their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. KeyCorp boosted their price target on shares of DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Finally, BMO Capital Markets decreased their target price on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $75.87 on Tuesday. The firm has a market cap of $31.77 billion, a PE ratio of -161.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $87.80. 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 company’s 50 day moving average is $76.12 and its two-hundred day moving average is $71.00.

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

DuPont de Nemours Company 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.