Argonautica Private Wealth Management Inc. Lowers Stake in DuPont de Nemours, Inc. $DD

Argonautica Private Wealth Management Inc. reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,193 shares of the basic materials company’s stock after selling 550 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in DuPont de Nemours were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DD. Princeton Global Asset Management LLC grew its position in DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. JNBA Financial Advisors lifted its position in shares of DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 216 shares in the last quarter. 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 acquired a new position in shares of DuPont de Nemours in the first quarter valued at approximately $35,000. Finally, Ransom Advisory Ltd purchased a new stake in DuPont de Nemours during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DD shares. Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. Citigroup boosted their target price on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. UBS Group upped 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. Royal Bank Of Canada increased their price target on DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, KeyCorp boosted their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.75.

DuPont de Nemours Stock Up 0.2%

Shares of NYSE DD opened at $81.13 on Wednesday. The stock has a market cap of $33.97 billion, a PE ratio of -172.62, a price-to-earnings-growth ratio of 2.34 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, Inc. has a 52-week low of $53.77 and a 52-week high of $87.80. The business has a 50-day moving average price of $77.10 and a 200 day moving average price of $71.36.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share 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 during the quarter. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company’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 transaction of $3,334,361.36. Following the completion of the sale, the senior vice president directly owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 74,208 shares of company stock valued at $5,714,861. Insiders own 0.61% of the company’s stock.

About DuPont de Nemours

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.