Whalen Wealth Management Inc. Lowers Stock Holdings in DuPont de Nemours, Inc. $DD

Whalen Wealth Management Inc. trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 32.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,637 shares of the basic materials company’s stock after selling 2,727 shares during the quarter. Whalen Wealth Management Inc.’s holdings in DuPont de Nemours were worth $387,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Summit Trail Advisors LLC increased its position in shares of DuPont de Nemours by 37.4% in the first quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company’s stock worth $1,787,000 after purchasing an additional 6,509 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in DuPont de Nemours by 85.3% during the first quarter. Concurrent Investment Advisors LLC now owns 31,153 shares of the basic materials company’s stock valued at $2,327,000 after acquiring an additional 14,343 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in DuPont de Nemours by 15.2% during the first 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 acquiring an additional 99,667 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in DuPont de Nemours by 3.4% during the first quarter. Stratos Wealth Partners LTD. now owns 9,582 shares of the basic materials company’s stock valued at $716,000 after acquiring an additional 311 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in DuPont de Nemours by 4.2% during the first quarter. Principal Financial Group Inc. now owns 503,749 shares of the basic materials company’s stock valued at $37,620,000 after acquiring an additional 20,171 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $81.85 on Wednesday. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80. The stock has a market capitalization of $34.27 billion, a P/E ratio of -174.15, a P/E/G ratio of 2.46 and a beta of 1.08. The company’s 50-day moving average is $77.86 and its 200 day moving average is $72.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94.

DuPont de Nemours (NYSE:DD) last released its quarterly 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 company had revenue of $3.02 billion during the quarter. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DD. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th. BMO Capital Markets dropped their price objective on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. KeyCorp increased their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. increased their price objective 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. Finally, Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.42.

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 on 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 completion of the transaction, the senior vice president 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 over the last ninety days. 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.