Crescent Sterling Ltd. Sells 1,315 Shares of DuPont de Nemours, Inc. $DD

Crescent Sterling Ltd. lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 16.8% during the 2nd quarter, Holdings Channel reports. The fund owned 6,494 shares of the basic materials company’s stock after selling 1,315 shares during the period. Crescent Sterling Ltd.’s holdings in DuPont de Nemours were worth $445,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC boosted its holdings in DuPont de Nemours by 64.4% in 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 in the last quarter. WPG Advisers LLC bought a new stake in DuPont de Nemours during the first quarter worth $35,000. Ransom Advisory Ltd bought a new stake in DuPont de Nemours during the first quarter worth $40,000. Quaker Wealth Management LLC lifted its holdings in DuPont de Nemours by 200.7% during the second quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 1,184 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in DuPont de Nemours by 36.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 599 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 159 shares during the period. Institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Steven P. Larrabee sold 43,208 shares of the business’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 completion of the transaction, the senior vice president directly owned 38,585 shares in the company, valued at $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 74,208 shares of company stock worth $5,714,861 in the last three months. 0.61% of the stock is owned by insiders.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $81.58 on Friday. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $87.80. The business has a 50-day simple moving average of $78.23 and a 200 day simple moving average of $72.63. 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 stock has a market cap of $34.16 billion, a price-to-earnings ratio of -173.57, a PEG ratio of 2.49 and a beta of 1.08.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Monday, July 11th. The basic materials company reported $0.69 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 business had revenue of $3.02 billion during the quarter. On average, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DD shares. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Wolfe Research reduced their price target on DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Wells Fargo & Company lifted their price target on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. UBS Group lifted 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. Finally, Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.