Great Lakes Retirement Inc. Acquires 3,070 Shares of DuPont de Nemours, Inc. $DD

Great Lakes Retirement Inc. grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 11.5% during the 2nd quarter, Holdings Channel reports. The fund owned 29,721 shares of the basic materials company’s stock after buying an additional 3,070 shares during the period. Great Lakes Retirement Inc.’s holdings in DuPont de Nemours were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DD. Nuveen LLC bought a new position in DuPont de Nemours in the first quarter worth approximately $531,037,000. Price T Rowe Associates Inc. MD raised its position in DuPont de Nemours by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after acquiring an additional 746,364 shares during the period. Strs Ohio bought a new position in DuPont de Nemours in the first quarter worth approximately $54,934,000. Valeo Financial Advisors LLC raised its position in DuPont de Nemours by 9,614.8% in the second quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock worth $42,845,000 after acquiring an additional 618,229 shares during the period. Finally, Drummond Knight Asset Management Pty Ltd bought a new position in DuPont de Nemours in the first quarter worth approximately $25,307,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $81.58 on Friday. 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 $34.16 billion, a P/E ratio of -173.57, a P/E/G ratio of 2.49 and a beta of 1.08. The firm’s fifty day moving average is $78.23 and its two-hundred day moving average is $72.63. 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.

Analysts Set New Price Targets

DD has been the topic of several recent analyst reports. UBS Group raised their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, July 21st. KeyCorp raised their price objective on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Wolfe Research decreased their price objective on shares of DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. Finally, Zacks Research downgraded shares of 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.42.

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.

About DuPont de Nemours

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.