D.A. Davidson & CO. Cuts Stake in DuPont de Nemours, Inc. $DD

D.A. Davidson & CO. lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,964 shares of the basic materials company’s stock after selling 2,196 shares during the period. D.A. Davidson & CO.’s holdings in DuPont de Nemours were worth $2,330,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc increased its stake in shares of DuPont de Nemours by 3.0% during the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after buying an additional 134 shares during the period. Sagespring Wealth Partners LLC grew its stake in DuPont de Nemours by 3.9% in the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 140 shares during the last quarter. Princeton Global Asset Management LLC grew its stake in 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 last quarter. Summit Financial LLC grew its stake in DuPont de Nemours by 3.7% in the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock valued at $304,000 after purchasing an additional 146 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its stake in DuPont de Nemours by 1.8% in the first quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company’s stock valued at $653,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD stock opened at $81.01 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $87.80. The firm has a market capitalization of $33.92 billion, a price-to-earnings ratio of -172.36, a PEG ratio of 2.45 and a beta of 1.08. 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 stock’s 50-day simple moving average is $77.53 and its 200-day simple moving average is $71.88.

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

Insider Activity at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction dated 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 sale, the senior vice president owned 38,585 shares of the company’s stock, valued at $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 over the last three months. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Friday. JPMorgan Chase & Co. lifted 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, October 15th. BMO Capital Markets cut their target price 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. Mizuho lifted 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. Finally, UBS Group lifted 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 equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.42.

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.