Washington Trust Advisors Inc. Trims Stake in DuPont de Nemours, Inc. $DD

Washington Trust Advisors Inc. lowered its stake in DuPont de Nemours, Inc. (NYSE:DD) by 18.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 816 shares of the basic materials company’s stock after selling 189 shares during the period. Washington Trust Advisors Inc.’s holdings in DuPont de Nemours were worth $56,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in 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 buying an additional 4,995 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in DuPont de Nemours by 37.4% in 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 buying an additional 6,509 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in DuPont de Nemours by 85.3% in 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 buying an additional 14,343 shares in the last quarter. Confluence Wealth Services Inc. lifted its stake in DuPont de Nemours by 37.6% in the 1st quarter. Confluence Wealth Services Inc. now owns 16,187 shares of the basic materials company’s stock valued at $1,209,000 after buying an additional 4,424 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in DuPont de Nemours by 15.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 756,907 shares of the basic materials company’s stock valued at $56,526,000 after buying an additional 99,667 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.3%

Shares of DD opened at $81.01 on Friday. 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 has a market capitalization of $33.92 billion, a P/E ratio of -172.36, a price-to-earnings-growth ratio of 2.46 and a beta of 1.08. The stock’s fifty day simple moving average is $77.53 and its 200 day simple moving average is $71.77. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $87.80.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share 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%. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on DD. Mizuho increased their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Friday. Citigroup upped their target price on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Royal Bank Of Canada upped their target price on DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, UBS Group upped their target price on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Buying and Selling at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 74,208 shares of company stock valued at $5,714,861. Company insiders own 0.61% of the company’s stock.

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.