Principle Wealth Partners LLC Boosts Holdings in DuPont de Nemours, Inc. $DD

Principle Wealth Partners LLC increased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,106 shares of the basic materials company’s stock after acquiring an additional 190 shares during the quarter. Principle Wealth Partners LLC’s holdings in DuPont de Nemours were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DD. Brighton Jones LLC boosted its holdings in shares of DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock worth $382,000 after buying an additional 822 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of DuPont de Nemours by 6.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company’s stock worth $6,003,000 after buying an additional 4,995 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of DuPont de Nemours by 110.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 16,021 shares of the basic materials company’s stock worth $1,196,000 after buying an additional 8,412 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of DuPont de Nemours by 11.8% in the first quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company’s stock worth $4,069,000 after buying an additional 5,751 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of DuPont de Nemours by 16.9% in the first quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company’s stock worth $88,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction that occurred on Monday, September 15th. The shares were 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 $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 74,208 shares of company stock worth $5,714,861 in the last quarter. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup raised their target price on shares of DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. UBS Group raised their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. BMO Capital Markets decreased their target price on shares of 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. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Zacks Research cut shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

DuPont de Nemours Trading Up 2.0%

DuPont de Nemours stock opened at $81.32 on Friday. The stock has a market cap of $34.05 billion, a P/E ratio of -173.01, a PEG ratio of 2.41 and a beta of 1.08. 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, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80. The firm’s 50 day moving average price is $77.37 and its 200-day moving average price is $71.58.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

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.