Cullen Frost Bankers Inc. Has $16.39 Million Holdings in DuPont de Nemours, Inc. $DD

Cullen Frost Bankers Inc. grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 238,941 shares of the basic materials company’s stock after buying an additional 3,846 shares during the period. Cullen Frost Bankers Inc. owned approximately 0.06% of DuPont de Nemours worth $16,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. St. Johns Investment Management Company LLC lifted its position in shares of DuPont de Nemours by 5.1% in the second quarter. St. Johns Investment Management Company LLC now owns 10,562 shares of the basic materials company’s stock worth $724,000 after buying an additional 517 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of DuPont de Nemours by 2.9% in the second quarter. Legacy Wealth Asset Management LLC now owns 16,858 shares of the basic materials company’s stock worth $1,156,000 after purchasing an additional 470 shares during the period. Fiduciary Family Office LLC bought a new position in shares of DuPont de Nemours in the second quarter worth about $280,000. Jackson Thornton Wealth Management LLC bought a new position in shares of DuPont de Nemours in the second quarter worth about $235,000. Finally, Phoenix Financial Ltd. increased its stake in shares of DuPont de Nemours by 13.0% in the second quarter. Phoenix Financial Ltd. now owns 3,393 shares of the basic materials company’s stock worth $233,000 after purchasing an additional 390 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other 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 sale, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 74,208 shares of company stock valued at $5,714,861. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DD. Royal Bank Of Canada lifted their price objective on DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. KeyCorp lifted their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. UBS Group lifted their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, BMO Capital Markets lowered their price target 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. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

DuPont de Nemours Trading Up 0.2%

Shares of DD opened at $81.13 on Wednesday. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $87.80. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $33.97 billion, a price-to-earnings ratio of -172.62, a P/E/G ratio of 2.34 and a beta of 1.08. The stock’s 50-day moving average price is $77.10 and its 200 day moving average price is $71.36.

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

About DuPont de Nemours

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.