Citizens & Northern Corp Reduces Stock Position in DuPont de Nemours, Inc. $DD

Citizens & Northern Corp trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,376 shares of the basic materials company’s stock after selling 155 shares during the period. Citizens & Northern Corp’s holdings in DuPont de Nemours were worth $780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DD. Princeton Global Asset Management LLC raised its position in DuPont de Nemours by 64.4% during the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. JNBA Financial Advisors grew its stake in DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 216 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 248 shares during the last quarter. WPG Advisers LLC purchased a new position in DuPont de Nemours during the first quarter worth about $35,000. Finally, Ransom Advisory Ltd acquired a new position in shares of DuPont de Nemours during the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. UBS Group boosted their price target on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, KeyCorp increased their target price 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. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.75.

Insider Activity

In related news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the sale, the senior vice president owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was 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 this link. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 in the last three months. 0.61% of the stock is currently owned by insiders.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $81.13 on Wednesday. The firm has a market capitalization of $33.97 billion, a PE ratio of -172.62, a price-to-earnings-growth ratio of 2.34 and a beta of 1.08. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $87.80. The stock’s 50 day moving average price is $77.10 and its 200 day moving average price is $71.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share 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 during the quarter. As a group, sell-side 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.