Bell & Brown Wealth Advisors LLC Grows Stake in DuPont de Nemours, Inc. $DD

Bell & Brown Wealth Advisors LLC grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 36,710 shares of the basic materials company’s stock after buying an additional 583 shares during the quarter. Bell & Brown Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $2,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Chevy Chase Trust Holdings LLC lifted its holdings in DuPont de Nemours by 0.3% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 225,349 shares of the basic materials company’s stock worth $15,457,000 after buying an additional 745 shares during the period. Easterly Investment Partners LLC lifted its holdings in DuPont de Nemours by 101.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 123,711 shares of the basic materials company’s stock worth $8,485,000 after buying an additional 62,363 shares during the period. Arista Wealth Management LLC purchased a new stake in DuPont de Nemours in the 2nd quarter worth approximately $603,000. Praxis Investment Management Inc. lifted its holdings in DuPont de Nemours by 16.9% in the 2nd quarter. Praxis Investment Management Inc. now owns 7,128 shares of the basic materials company’s stock worth $489,000 after buying an additional 1,030 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its holdings in DuPont de Nemours by 150.1% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 2,293 shares of the basic materials company’s stock worth $157,000 after buying an additional 1,376 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DD. Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. BMO Capital Markets lowered their target price 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. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, UBS Group raised 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 research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours 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 in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 in the last three months. 0.61% of the stock is currently owned by insiders.

DuPont de Nemours Stock Up 1.9%

Shares of NYSE:DD opened at $79.59 on Friday. The stock has a fifty day simple moving average of $76.70 and a two-hundred day simple moving average of $71.15. The stock has a market capitalization of $33.33 billion, a price-to-earnings ratio of -169.34, a PEG ratio of 2.26 and a beta of 1.08. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $87.80. 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 (NYSE:DD) last announced its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. The business had revenue of $3.02 billion during the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

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.