Heritage Investors Management Corp Grows Stake in DuPont de Nemours, Inc. $DD

Heritage Investors Management Corp boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,939 shares of the basic materials company’s stock after purchasing an additional 483 shares during the quarter. Heritage Investors Management Corp’s holdings in DuPont de Nemours were worth $10,627,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC raised its position in shares of 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 worth $2,327,000 after acquiring an additional 14,343 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of 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 worth $56,526,000 after acquiring an additional 99,667 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of DuPont de Nemours by 3.4% in the 1st quarter. Stratos Wealth Partners LTD. now owns 9,582 shares of the basic materials company’s stock worth $716,000 after acquiring an additional 311 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of DuPont de Nemours by 8.8% in the 1st quarter. IFM Investors Pty Ltd now owns 113,795 shares of the basic materials company’s stock worth $8,498,000 after acquiring an additional 9,220 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in shares of DuPont de Nemours by 4.0% in the 1st quarter. Brown Advisory Inc. now owns 306,192 shares of the basic materials company’s stock worth $22,866,000 after acquiring an additional 11,789 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.3%

DuPont de Nemours stock opened at $82.12 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The business’s 50-day simple moving average is $78.01 and its two-hundred day simple moving average is $72.42. The company has a market cap of $34.38 billion, a PE ratio of -174.72, a PEG ratio of 2.48 and a beta of 1.08. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $87.80.

DuPont de Nemours (NYSE:DD) last posted its quarterly 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%. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DD. Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price 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. Wolfe Research dropped their target price on DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. UBS Group boosted their target price 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, Citigroup boosted their target price on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.42.

Insiders Place Their Bets

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the business’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 owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is currently owned by insiders.

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.