Pinnacle West Asset Management Inc. Has $211,000 Position in DuPont de Nemours, Inc. $DD

Pinnacle West Asset Management Inc. lowered its stake in DuPont de Nemours, Inc. (NYSE:DD) by 7.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,070 shares of the basic materials company’s stock after selling 261 shares during the period. Pinnacle West Asset Management Inc.’s holdings in DuPont de Nemours were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DD. Ritholtz Wealth Management grew its holdings in DuPont de Nemours by 48.8% during the 1st quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company’s stock worth $333,000 after acquiring an additional 1,464 shares during the period. Sequoia Financial Advisors LLC grew its holdings in DuPont de Nemours by 334.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company’s stock worth $19,122,000 after acquiring an additional 197,115 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in DuPont de Nemours by 6.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company’s stock worth $6,003,000 after acquiring an additional 4,995 shares during the period. Oppenheimer & Co. Inc. grew its holdings in DuPont de Nemours by 11.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company’s stock worth $4,069,000 after acquiring an additional 5,751 shares during the period. Finally, Summit Trail Advisors LLC grew its holdings in DuPont de Nemours by 37.4% during the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company’s stock worth $1,787,000 after acquiring an additional 6,509 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $73.82 on Friday. The firm has a market cap of $30.91 billion, a PE ratio of -157.06, a PEG ratio of 2.25 and a beta of 1.08. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $87.80. The company has a fifty day moving average price of $76.02 and a 200 day moving average price of $71.06.

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. The firm had revenue of $3.02 billion during the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on DD. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, July 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $94.00 price target on shares of DuPont de Nemours in a report on Friday, September 19th. Finally, BMO Capital Markets decreased their price target 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. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.33.

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.