Verdence Capital Advisors LLC Has $1.22 Million Position in DuPont de Nemours, Inc. $DD

Verdence Capital Advisors LLC lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 16.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,822 shares of the basic materials company’s stock after selling 3,522 shares during the quarter. Verdence Capital Advisors LLC’s holdings in DuPont de Nemours were worth $1,222,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its holdings in shares of DuPont de Nemours by 3.0% in the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after buying an additional 134 shares during the period. Summit Financial LLC boosted its holdings in shares of DuPont de Nemours by 3.7% in the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock valued at $304,000 after buying an additional 146 shares during the period. Belpointe Asset Management LLC boosted its holdings in shares of DuPont de Nemours by 1.8% in the first quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company’s stock valued at $653,000 after buying an additional 152 shares during the period. Ballast Inc. boosted its holdings in shares of DuPont de Nemours by 0.9% in the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company’s stock valued at $1,326,000 after buying an additional 159 shares during the period. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of DuPont de Nemours by 16.9% in the first quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company’s stock valued at $88,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE DD opened at $75.87 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $76.12 and its two-hundred day moving average price is $71.00. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80. The firm has a market capitalization of $31.77 billion, a P/E ratio of -161.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.

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 negative net margin of 1.54% and a positive return on equity of 7.85%. The firm had revenue of $3.02 billion for the quarter. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the sale, the senior vice president directly owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 74,208 shares of company stock worth $5,714,861 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DD shares. BMO Capital Markets reduced their price target on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a report on Friday, September 19th. KeyCorp upped their price target on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $94.00 price target on shares of DuPont de Nemours in a report on Friday, September 19th. Finally, Mizuho increased their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $88.33.

DuPont de Nemours Company 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.