Aull & Monroe Investment Management Corp lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,931 shares of the basic materials company’s stock after selling 493 shares during the period. Aull & Monroe Investment Management Corp’s holdings in DuPont de Nemours were worth $270,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in DuPont de Nemours by 0.6% during the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock worth $3,502,090,000 after purchasing an additional 298,408 shares during the period. Nuveen LLC acquired a new stake in DuPont de Nemours during the first quarter worth approximately $531,037,000. Price T Rowe Associates Inc. MD grew its stake in DuPont de Nemours by 21.9% during the first 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 purchasing an additional 746,364 shares during the period. Bank of New York Mellon Corp grew its stake in DuPont de Nemours by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock worth $249,961,000 after purchasing an additional 37,327 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in DuPont de Nemours by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock worth $238,200,000 after purchasing an additional 83,147 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Wells Fargo & Company raised 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. JPMorgan Chase & Co. raised their price objective on DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group raised 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. Royal Bank Of Canada raised their price objective on DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.75.
Insider Buying and Selling at DuPont de Nemours
In other 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 value of $3,334,361.36. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 74,208 shares of company stock valued at $5,714,861 in the last 90 days. 0.61% of the stock is owned by company insiders.
DuPont de Nemours Stock Up 1.9%
DD stock opened at $79.59 on Friday. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $87.80. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $76.70 and its 200-day moving average is $71.12. The firm has a market capitalization of $33.33 billion, a PE ratio of -169.34, a P/E/G ratio of 2.30 and a beta of 1.08.
DuPont de Nemours (NYSE:DD – Get Free Report) last posted its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company had revenue of $3.02 billion for the quarter. Sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.
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.
Recommended Stories
- Five stocks we like better than DuPont de Nemours
- What is a Dividend King?
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- What Are the U.K. Market Holidays? How to Invest and Trade
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- What Are the FAANG Stocks and Are They Good Investments?
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DD – Free Report).
Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.