Gratus Wealth Advisors LLC cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,772 shares of the basic materials company’s stock after selling 260 shares during the period. Gratus Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $807,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc lifted its stake in DuPont de Nemours by 3.0% in the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after acquiring an additional 134 shares during the last quarter. Summit Financial LLC lifted its stake in shares of DuPont de Nemours by 3.7% in the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock valued at $304,000 after purchasing an additional 146 shares during the last quarter. Belpointe Asset Management LLC increased its position in DuPont de Nemours by 1.8% during the first quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company’s stock worth $653,000 after buying an additional 152 shares during the last quarter. Ballast Inc. raised its holdings in DuPont de Nemours by 0.9% during the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company’s stock valued at $1,326,000 after buying an additional 159 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in shares of DuPont de Nemours by 16.9% in the first quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company’s stock worth $88,000 after buying an additional 170 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.
DuPont de Nemours Trading Down 1.4%
Shares of DD stock opened at $79.82 on Monday. The firm has a fifty day moving average of $75.49 and a 200-day moving average of $70.92. The stock has a market cap of $33.42 billion, a price-to-earnings ratio of -169.84, a P/E/G ratio of 2.30 and a beta of 1.08. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $88.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.
Insider Activity
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 stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the transaction, the senior vice president owned 38,585 shares in the company, valued at $2,977,604.45. This trade represents a 52.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 74,208 shares of company stock valued at $5,714,861. Corporate insiders own 0.61% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on DD. KeyCorp upped their target price 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. UBS Group upped their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a report on Saturday, September 27th. Citigroup upped their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Finally, Wells Fargo & Company lifted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.33.
Check Out Our Latest Stock Analysis on DD
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.
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