Syverson Strege & Co Invests $209,000 in DuPont de Nemours, Inc. $DD

Syverson Strege & Co purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,054 shares of the basic materials company’s stock, valued at approximately $209,000.

A number of other hedge funds have also modified their holdings of DD. Nuveen LLC purchased a new position in shares of DuPont de Nemours during the 1st quarter worth $531,037,000. Price T Rowe Associates Inc. MD lifted its stake in DuPont de Nemours by 21.9% during the 1st 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 in the last quarter. Strs Ohio acquired a new position in DuPont de Nemours during the 1st quarter worth about $54,934,000. Valeo Financial Advisors LLC lifted its stake in DuPont de Nemours by 9,614.8% during the 2nd 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 in the last quarter. Finally, Drummond Knight Asset Management Pty Ltd acquired a new position in DuPont de Nemours during the 1st quarter worth about $25,307,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

DD stock opened at $81.58 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The firm has a market capitalization 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 business’s 50-day moving average is $78.23 and its two-hundred day moving average is $72.71. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80.

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

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the firm’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 sale, the senior vice president owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group increased their target price on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. KeyCorp increased their target price on 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 increased their target price on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada increased their price target on DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.42.

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.