TD Asset Management Inc Raises Position in DuPont de Nemours, Inc. $DD

TD Asset Management Inc raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.0% during the second quarter, HoldingsChannel reports. The firm owned 188,070 shares of the basic materials company’s stock after buying an additional 13,947 shares during the quarter. TD Asset Management Inc’s holdings in DuPont de Nemours were worth $12,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cornerstone Wealth Group LLC raised its position in DuPont de Nemours by 33.0% during the second quarter. Cornerstone Wealth Group LLC now owns 4,772 shares of the basic materials company’s stock valued at $327,000 after purchasing an additional 1,185 shares during the period. Community Bank N.A. raised its position in DuPont de Nemours by 11.1% during the second quarter. Community Bank N.A. now owns 31,428 shares of the basic materials company’s stock valued at $2,156,000 after purchasing an additional 3,131 shares during the period. NorthRock Partners LLC raised its position in DuPont de Nemours by 158.0% during the second quarter. NorthRock Partners LLC now owns 8,931 shares of the basic materials company’s stock valued at $613,000 after purchasing an additional 5,469 shares during the period. Sequoia Financial Advisors LLC raised its position in DuPont de Nemours by 75.2% during the second quarter. Sequoia Financial Advisors LLC now owns 448,513 shares of the basic materials company’s stock valued at $30,764,000 after purchasing an additional 192,460 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in shares of DuPont de Nemours by 0.3% in the second quarter. Yousif Capital Management LLC now owns 67,586 shares of the basic materials company’s stock worth $4,636,000 after buying an additional 181 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 1.9%

Shares of NYSE DD opened at $79.59 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $33.33 billion, a PE ratio of -169.34, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08. The stock’s fifty day simple moving average is $76.70 and its two-hundred day simple moving average is $71.12. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $87.80.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup increased their price target on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday. BMO Capital Markets reduced their price target on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday, September 19th. UBS Group increased their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, Zacks Research downgraded DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report 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, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Transactions at DuPont de Nemours

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 stock was 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 of the company’s stock, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is currently owned by company insiders.

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.