Cutler Investment Counsel LLC Trims Stock Position in DuPont de Nemours, Inc. $DD

Cutler Investment Counsel LLC lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,438 shares of the basic materials company’s stock after selling 409 shares during the quarter. Cutler Investment Counsel LLC’s holdings in DuPont de Nemours were worth $7,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DD. Nuveen LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $531,037,000. Price T Rowe Associates Inc. MD increased its holdings in DuPont de Nemours by 21.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after acquiring an additional 746,364 shares in the last quarter. Strs Ohio purchased a new stake in DuPont de Nemours in the 1st quarter worth approximately $54,934,000. Valeo Financial Advisors LLC increased its holdings in DuPont de Nemours by 9,614.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock worth $42,845,000 after acquiring an additional 618,229 shares in the last quarter. Finally, Drummond Knight Asset Management Pty Ltd purchased a new stake in DuPont de Nemours in the 1st quarter worth approximately $25,307,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 2.9%

Shares of DD opened at $75.87 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80. The company has a 50 day simple moving average of $76.12 and a two-hundred day simple moving average of $71.00. The firm has a market cap of $31.77 billion, a P/E ratio of -161.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.

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 (EPS) for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.02 billion during the quarter. On average, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Mizuho increased their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $94.00 target price on shares of DuPont de Nemours in a report on Friday, September 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. Citigroup increased their target price on shares of DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Finally, BMO Capital Markets reduced their target price 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

Insider Activity at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the 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 directly owned 38,585 shares in the company, valued at approximately $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 can be accessed through the SEC website. In the last ninety days, insiders sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is currently owned by corporate 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.