Apollon Wealth Management LLC Sells 2,483 Shares of DuPont de Nemours, Inc. $DD

Apollon Wealth Management LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 16.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,787 shares of the basic materials company’s stock after selling 2,483 shares during the quarter. Apollon Wealth Management LLC’s holdings in DuPont de Nemours were worth $877,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. JNBA Financial Advisors grew its holdings in 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 buying an additional 216 shares in the last quarter. Valley National Advisers Inc. grew its holdings in DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after buying an additional 248 shares in the last quarter. WPG Advisers LLC bought a new stake in DuPont de Nemours during the first quarter worth $35,000. Ransom Advisory Ltd bought a new stake in DuPont de Nemours during the first quarter worth $40,000. Finally, REAP Financial Group LLC grew its holdings in DuPont de Nemours by 80.1% during the second quarter. REAP Financial Group LLC now owns 605 shares of the basic materials company’s stock worth $42,000 after buying an additional 269 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DD shares. Mizuho upped their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. BMO Capital Markets reduced their price objective on 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. Wells Fargo & Company upped their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. UBS Group upped their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $88.33.

DuPont de Nemours Stock Up 2.2%

DD stock opened at $77.60 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The company has a market capitalization of $32.49 billion, a price-to-earnings ratio of -165.10, a PEG ratio of 2.19 and a beta of 1.08. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $87.80. The stock has a fifty day moving average of $76.22 and a 200-day moving average of $71.04.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. The company had revenue of $3.02 billion during 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, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Insider Transactions at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction dated 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 represents a 52.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 74,208 shares of company stock worth $5,714,861. Corporate insiders own 0.61% of the company’s stock.

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.