First Citizens Bank & Trust Co. Sells 273 Shares of DuPont de Nemours, Inc. $DD

First Citizens Bank & Trust Co. lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,065 shares of the basic materials company’s stock after selling 273 shares during the period. First Citizens Bank & Trust Co.’s holdings in DuPont de Nemours were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC grew its position in DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 143 shares during the period. JNBA Financial Advisors grew its position 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 purchasing an additional 216 shares during the period. Valley National Advisers Inc. grew its position in DuPont de Nemours by 145.0% in the 1st 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 period. WPG Advisers LLC bought a new stake in DuPont de Nemours in the 1st quarter worth approximately $35,000. Finally, Ransom Advisory Ltd purchased a new position in shares of DuPont de Nemours during the 1st quarter worth $40,000. 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 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 sale, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 74,208 shares of company stock valued at $5,714,861. Insiders own 0.61% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $81.01 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The company has a market cap of $33.92 billion, a P/E ratio of -172.36, a P/E/G ratio of 2.45 and a beta of 1.08. The firm’s fifty day moving average is $77.53 and its two-hundred day moving average is $71.95. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $87.80.

DuPont de Nemours (NYSE:DD) last announced its quarterly 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%. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DD has been the topic of several analyst reports. KeyCorp lifted 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 note on Monday, September 22nd. Citigroup lifted their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Royal Bank Of Canada lifted their price target on shares of DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Wolfe Research dropped their price target on shares of DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.42.

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.