Auto Owners Insurance Co Grows Holdings in DuPont de Nemours, Inc. $DD

Auto Owners Insurance Co raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 124.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,127 shares of the basic materials company’s stock after purchasing an additional 222,017 shares during the period. Auto Owners Insurance Co owned about 0.10% of DuPont de Nemours worth $27,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC lifted its holdings in DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. JNBA Financial Advisors lifted its holdings in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 216 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 248 shares during the period. WPG Advisers LLC purchased a new position in shares of DuPont de Nemours during the 1st quarter worth about $35,000. Finally, Ransom Advisory Ltd purchased a new position in shares of DuPont de Nemours during the 1st quarter worth about $40,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.6%

DD opened at $81.85 on Wednesday. The firm has a 50 day moving average price of $77.86 and a 200 day moving average price of $72.26. The company has a market cap of $34.27 billion, a PE ratio of -174.15, a price-to-earnings-growth ratio of 2.46 and a beta of 1.08. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD) last posted 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. Sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction that occurred 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 sale, the senior vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 over the last three months. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DD. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. Citigroup increased their price objective on shares of DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Mizuho increased their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. 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. Finally, Zacks Research lowered shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Nine equities research 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.42.

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.