Great Lakes Retirement Inc. Purchases 3,070 Shares of DuPont de Nemours, Inc. $DD

Great Lakes Retirement Inc. grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 11.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,721 shares of the basic materials company’s stock after acquiring an additional 3,070 shares during the period. Great Lakes Retirement Inc.’s holdings in DuPont de Nemours were worth $2,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Princeton Global Asset Management LLC raised its stake in shares of DuPont de Nemours by 64.4% during the second 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 during the last quarter. WPG Advisers LLC bought a new position in shares of DuPont de Nemours during the first quarter valued at about $35,000. Ransom Advisory Ltd bought a new position in shares of DuPont de Nemours during the first quarter valued at about $40,000. Quaker Wealth Management LLC raised its stake in shares of DuPont de Nemours by 200.7% during the second quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,184 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of DuPont de Nemours by 36.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 599 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 159 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Insider Transactions at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president owned 38,585 shares in the company, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 in the last 90 days. Company insiders own 0.61% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $81.58 on Friday. The stock has a market cap of $34.16 billion, a PE ratio of -173.57, a price-to-earnings-growth ratio of 2.49 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. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $87.80. The firm’s 50-day simple moving average is $78.23 and its two-hundred day simple moving average is $72.63.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DD shares. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their price target on shares of DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. 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 research note on Friday, September 19th. Nine investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.