Forum Financial Management LP Grows Stock Holdings in DuPont de Nemours, Inc. $DD

Forum Financial Management LP grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,850 shares of the basic materials company’s stock after buying an additional 314 shares during the quarter. Forum Financial Management LP’s holdings in DuPont de Nemours were worth $538,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DD. Princeton Global Asset Management LLC boosted its stake in shares of DuPont de Nemours by 64.4% in the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 143 shares during the period. JNBA Financial Advisors boosted its stake in shares of DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 216 shares during the period. Valley National Advisers Inc. boosted its stake in shares of DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 248 shares during the period. WPG Advisers LLC purchased a new position in shares of DuPont de Nemours in the first quarter valued at $35,000. Finally, Ransom Advisory Ltd purchased a new position in shares of DuPont de Nemours in the first quarter valued at $40,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DD. 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. Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Friday. KeyCorp upped their target price on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Mizuho upped their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $89.75.

Insider Buying and Selling

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 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 directly owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 74,208 shares of company stock worth $5,714,861. Corporate insiders own 0.61% of the company’s stock.

DuPont de Nemours Trading Down 0.3%

NYSE DD opened at $81.01 on Friday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $87.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The company has a market capitalization of $33.92 billion, a price-to-earnings ratio of -172.36, a price-to-earnings-growth ratio of 2.46 and a beta of 1.08. The company’s fifty day moving average price is $77.53 and its two-hundred day moving average price is $71.77.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The firm had revenue of $3.02 billion for the quarter. As a group, research analysts predict 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.