Aberdeen Group plc Raises Stock Holdings in DuPont de Nemours, Inc. $DD

Aberdeen Group plc raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 465,230 shares of the basic materials company’s stock after buying an additional 21,911 shares during the quarter. Aberdeen Group plc owned approximately 0.11% of DuPont de Nemours worth $31,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of DuPont de Nemours by 1.5% during the second quarter. Blue Trust Inc. now owns 11,863 shares of the basic materials company’s stock worth $814,000 after purchasing an additional 175 shares during the last quarter. Argyle Capital Management LLC raised its stake in shares of DuPont de Nemours by 1.4% during the second quarter. Argyle Capital Management LLC now owns 29,196 shares of the basic materials company’s stock worth $2,003,000 after purchasing an additional 397 shares during the last quarter. IFP Advisors Inc raised its stake in shares of DuPont de Nemours by 22.9% during the second quarter. IFP Advisors Inc now owns 55,649 shares of the basic materials company’s stock worth $3,817,000 after purchasing an additional 10,381 shares during the last quarter. Callan Family Office LLC grew its holdings in DuPont de Nemours by 82.5% during the second quarter. Callan Family Office LLC now owns 6,452 shares of the basic materials company’s stock worth $443,000 after acquiring an additional 2,917 shares during the period. Finally, Blair William & Co. IL grew its holdings in DuPont de Nemours by 0.4% during the second quarter. Blair William & Co. IL now owns 78,876 shares of the basic materials company’s stock worth $5,410,000 after acquiring an additional 302 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 5.2%

Shares of DD stock opened at $73.82 on Monday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $87.80. The stock has a market cap of $30.91 billion, a P/E ratio of -157.06, a P/E/G ratio of 2.13 and a beta of 1.08. The business has a fifty day simple moving average of $76.02 and a 200-day simple moving average of $70.98. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

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 for the quarter. The business had revenue of $3.02 billion during the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. On average, analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DD. Wells Fargo & Company upped their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. BMO Capital Markets dropped their price objective on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday, September 19th. Mizuho upped their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Citigroup upped their price objective on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Finally, KeyCorp upped their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $88.33.

Insider Activity at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction on 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 $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 over the last quarter. 0.61% of the stock is owned by company insiders.

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.