Cutler Investment Counsel LLC Sells 409 Shares of DuPont de Nemours, Inc. $DD

Cutler Investment Counsel LLC reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 102,438 shares of the basic materials company’s stock after selling 409 shares during the quarter. Cutler Investment Counsel LLC’s holdings in DuPont de Nemours were worth $7,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JNBA Financial Advisors lifted its position in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after buying an additional 216 shares during the last quarter. Valley National Advisers Inc. lifted its position in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after buying an additional 248 shares during the last quarter. WPG Advisers LLC bought a new stake in DuPont de Nemours in the first quarter worth $35,000. Ransom Advisory Ltd bought a new stake in DuPont de Nemours in the first quarter worth $40,000. Finally, Richardson Capital Management LLC bought a new stake in DuPont de Nemours in the first quarter worth $43,000. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets lowered their price target on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a research report on Friday, September 19th. Mizuho lifted their target price on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. UBS Group lifted their target price on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Wells Fargo & Company lifted their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.33.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $75.87 on Tuesday. The firm has a market cap of $31.77 billion, a P/E ratio of -161.43, a P/E/G ratio of 2.13 and a beta of 1.08. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $87.80. The stock’s fifty day moving average price is $76.12 and its 200-day moving average price is $71.00.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The firm had revenue of $3.02 billion for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Insider Activity at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the firm’s 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 in the last 90 days. Company insiders own 0.61% of the company’s stock.

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.