Courier Capital LLC Cuts Position in DuPont de Nemours, Inc. $DD

Courier Capital LLC decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,465 shares of the basic materials company’s stock after selling 297 shares during the quarter. Courier Capital LLC’s holdings in DuPont de Nemours were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Nuveen LLC purchased a new stake in DuPont de Nemours in the first quarter valued at approximately $531,037,000. Price T Rowe Associates Inc. MD increased its position in shares of DuPont de Nemours by 21.9% during the first 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 during the period. Strs Ohio purchased a new stake in shares of DuPont de Nemours during the first quarter worth $54,934,000. Valeo Financial Advisors LLC increased its position in shares of DuPont de Nemours by 9,614.8% during the second 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 during the period. Finally, Drummond Knight Asset Management Pty Ltd purchased a new stake in shares of DuPont de Nemours during the first quarter worth $25,307,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $78.45 on Thursday. The firm has a market capitalization of $32.85 billion, a PE ratio of -166.90, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08. The business’s fifty day moving average price is $76.37 and its 200 day moving average price is $71.09. 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 12 month low of $53.77 and a 12 month high of $87.80.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data 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 company had revenue of $3.02 billion during the quarter. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal 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 value of $3,334,361.36. Following the completion of the transaction, the senior vice president owned 38,585 shares in the company, valued at $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 at this hyperlink. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. UBS Group upped their price objective 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. BMO Capital Markets cut their price objective on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a research report on Friday, September 19th. Citigroup upped their price objective on DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday. 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 research report on Monday, September 22nd. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $89.25.

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.