Atria Wealth Solutions Inc. Cuts Stock Position in DuPont de Nemours, Inc. $DD

Atria Wealth Solutions Inc. lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 91.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,077 shares of the basic materials company’s stock after selling 34,111 shares during the period. Atria Wealth Solutions Inc.’s holdings in DuPont de Nemours were worth $211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its stake in shares of DuPont de Nemours by 334.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company’s stock valued at $19,122,000 after acquiring an additional 197,115 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of DuPont de Nemours by 6.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company’s stock valued at $6,003,000 after acquiring an additional 4,995 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of DuPont de Nemours by 11.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company’s stock valued at $4,069,000 after acquiring an additional 5,751 shares during the last quarter. Summit Trail Advisors LLC raised its position in DuPont de Nemours by 37.4% during the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company’s stock valued at $1,787,000 after purchasing an additional 6,509 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in DuPont de Nemours by 85.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 31,153 shares of the basic materials company’s stock valued at $2,327,000 after purchasing an additional 14,343 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president directly owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 74,208 shares of company stock worth $5,714,861 over the last quarter. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DD shares. Royal Bank Of Canada upped their price target on DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Wells Fargo & Company upped their price target on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. KeyCorp upped their price target on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Finally, Citigroup upped their target price on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued 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.

DuPont de Nemours Stock Performance

Shares of DD opened at $79.70 on Thursday. The business’s fifty day simple moving average is $77.21 and its two-hundred day simple moving average is $71.42. 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 company has a market cap of $33.37 billion, a price-to-earnings ratio of -169.58, a P/E/G ratio of 2.46 and a beta of 1.08.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The business 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%. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

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.