Praxis Investment Management Inc. Grows Holdings in DuPont de Nemours, Inc. $DD

Praxis Investment Management Inc. increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 16.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,128 shares of the basic materials company’s stock after buying an additional 1,030 shares during the quarter. Praxis Investment Management Inc.’s holdings in DuPont de Nemours were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased 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 acquiring an additional 1,376 shares in the last quarter. Mutual Advisors LLC increased its holdings in DuPont de Nemours by 1.7% in the 2nd quarter. Mutual Advisors LLC now owns 10,490 shares of the basic materials company’s stock worth $795,000 after acquiring an additional 176 shares in the last quarter. Harbour Investments Inc. increased its holdings in DuPont de Nemours by 3.3% in the 2nd quarter. Harbour Investments Inc. now owns 6,007 shares of the basic materials company’s stock worth $412,000 after acquiring an additional 190 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in DuPont de Nemours by 4.2% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,379 shares of the basic materials company’s stock worth $300,000 after acquiring an additional 178 shares in the last quarter. Finally, Sagespring Wealth Partners LLC increased its holdings in DuPont de Nemours by 3.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock worth $256,000 after acquiring an additional 140 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DD. Citigroup increased their price objective on shares of DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. Mizuho increased their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. BMO Capital Markets cut their price objective on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.75.

Insider Transactions at DuPont de Nemours

In related 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 value of $3,334,361.36. Following the completion of the sale, the senior vice president directly owned 38,585 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 74,208 shares of company stock valued at $5,714,861 in the last ninety days. 0.61% of the stock is owned by company insiders.

DuPont de Nemours Stock Up 1.9%

NYSE DD opened at $79.59 on Friday. 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 company has a market capitalization of $33.33 billion, a P/E ratio of -169.34, a P/E/G ratio of 2.30 and a beta of 1.08. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $87.80. The stock has a 50 day moving average price of $76.70 and a 200-day moving average price of $71.12.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The firm 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%. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS 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.