Motco Sells 190 Shares of DuPont de Nemours, Inc. $DD

Motco cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 22.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 664 shares of the basic materials company’s stock after selling 190 shares during the period. Motco’s holdings in DuPont de Nemours were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of DuPont de Nemours by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock worth $3,502,090,000 after acquiring an additional 298,408 shares in the last quarter. Nuveen LLC bought a new position in shares of DuPont de Nemours in the 1st quarter worth about $531,037,000. Price T Rowe Associates Inc. MD raised its position in shares of DuPont de Nemours by 21.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after acquiring an additional 746,364 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of DuPont de Nemours by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock worth $249,961,000 after acquiring an additional 37,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in DuPont de Nemours by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock valued at $238,200,000 after buying an additional 83,147 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president owned 38,585 shares in the company, valued at $2,977,604.45. The trade was a 52.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of research analyst reports. Mizuho boosted their target price on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. KeyCorp boosted their target price on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. boosted their target price on DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Citigroup boosted their target price on DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Finally, Wolfe Research decreased their target price on DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.42.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $82.12 on Thursday. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $87.80. The stock’s 50 day moving average price is $78.01 and its 200-day moving average price is $72.42. The company has a market capitalization of $34.38 billion, a PE ratio of -174.72, a PEG ratio of 2.48 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share 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 for the quarter. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current 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.