IFP Advisors Inc Acquires 10,381 Shares of DuPont de Nemours, Inc. $DD

IFP Advisors Inc boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 22.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,649 shares of the basic materials company’s stock after acquiring an additional 10,381 shares during the period. IFP Advisors Inc’s holdings in DuPont de Nemours were worth $3,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Nuveen LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $531,037,000. Price T Rowe Associates Inc. MD raised its stake in shares of DuPont de Nemours by 21.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after purchasing an additional 746,364 shares during the period. Strs Ohio acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $54,934,000. Valeo Financial Advisors LLC raised its stake in shares of DuPont de Nemours by 9,614.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock valued at $42,845,000 after purchasing an additional 618,229 shares during the period. Finally, Drummond Knight Asset Management Pty Ltd acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $25,307,000. 73.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours 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 owned 38,585 shares in the company, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 in the last three months. Company insiders own 0.61% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $73.82 on Friday. The stock has a market capitalization of $30.91 billion, a price-to-earnings ratio of -157.06, a PEG ratio of 2.25 and a beta of 1.08. The business has a 50-day moving average of $76.02 and a 200-day moving average of $71.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week 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 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. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. KeyCorp lifted their price target on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $94.00 price target on shares of DuPont de Nemours in a research note on Friday, September 19th. BMO Capital Markets dropped their price target on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a research note on Friday, September 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Wednesday. Finally, 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 note on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.33.

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.