DuPont de Nemours, Inc. $DD Position Lowered by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 53.1% in the second quarter, Holdings Channel reports. The firm owned 9,128 shares of the basic materials company’s stock after selling 10,317 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in DuPont de Nemours were worth $626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of DuPont de Nemours by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock valued at $3,502,090,000 after acquiring an additional 298,408 shares in the last quarter. Nuveen LLC acquired a new stake in shares of DuPont de Nemours during the first quarter worth $531,037,000. Price T Rowe Associates Inc. MD lifted its position 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 worth $310,656,000 after buying an additional 746,364 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of DuPont de Nemours by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock valued at $249,961,000 after buying an additional 37,327 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of DuPont de Nemours by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock valued at $238,200,000 after buying an additional 83,147 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $80.89 on Tuesday. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $87.80. The stock’s fifty day moving average is $76.92 and its 200-day moving average is $71.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The firm has a market capitalization of $33.87 billion, a price-to-earnings ratio of -172.11, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08.

DuPont de Nemours (NYSE:DD) last announced its 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 during the quarter. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DD shares. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th. BMO Capital Markets cut their target price 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. Finally, UBS Group increased their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the sale, the senior vice president directly 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 document filed with the SEC, which is available at this hyperlink. 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 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.