111 Capital lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 20.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,583 shares of the basic materials company’s stock after selling 901 shares during the period. 111 Capital’s holdings in DuPont de Nemours were worth $246,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of DuPont de Nemours during the first quarter worth about $531,037,000. Assenagon Asset Management S.A. grew its stake in DuPont de Nemours by 87.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company’s stock worth $147,929,000 after acquiring an additional 922,387 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in DuPont de Nemours by 21.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after acquiring an additional 746,364 shares during the last quarter. Strs Ohio purchased a new position in DuPont de Nemours during the first quarter worth about $54,934,000. Finally, Drummond Knight Asset Management Pty Ltd purchased a new position in shares of DuPont de Nemours during the 1st quarter worth about $25,307,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
DuPont de Nemours Stock Performance
DD opened at $80.85 on Tuesday. 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 twelve month low of $53.77 and a twelve month high of $87.80. The business’s 50 day moving average is $75.61 and its 200-day moving average is $70.96. The stock has a market cap of $33.85 billion, a PE ratio of -172.02, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08.
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 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 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 document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 74,208 shares of company stock worth $5,714,861. Company insiders own 0.61% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on DD shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $94.00 target price on shares of DuPont de Nemours in a report on Friday, September 19th. UBS Group upped their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company raised their target price on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. BMO Capital Markets cut their price target on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a research note on Friday, September 19th. Finally, Mizuho increased their target price on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.33.
View Our Latest Stock Analysis on DD
DuPont de Nemours Company 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.
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