Praxis Investment Management Inc. Grows Holdings in DuPont de Nemours, Inc. $DD

Praxis Investment Management Inc. lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 16.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,128 shares of the basic materials company’s stock after buying an additional 1,030 shares during the quarter. Praxis Investment Management Inc.’s holdings in DuPont de Nemours were worth $489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JNBA Financial Advisors grew its position in shares of DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after buying an additional 216 shares during the period. Valley National Advisers Inc. grew its position in shares of DuPont de Nemours by 145.0% in the 1st 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 during the period. WPG Advisers LLC bought a new position in DuPont de Nemours in the 1st quarter worth about $35,000. Ransom Advisory Ltd bought a new position in DuPont de Nemours in the 1st quarter worth about $40,000. Finally, Richardson Capital Management LLC bought a new position in DuPont de Nemours in the 1st quarter worth about $43,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the sale, the senior vice president owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. KeyCorp upped their price target on shares of DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. BMO Capital Markets dropped their price target on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a research note on Friday, September 19th. UBS Group upped their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada upped their target price on shares of DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.75.

DuPont de Nemours Price Performance

DD opened at $79.59 on Friday. 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 stock has a market capitalization of $33.33 billion, a P/E ratio of -169.34, a P/E/G ratio of 2.30 and a beta of 1.08. The company’s 50-day simple moving average is $76.70 and its two-hundred day simple moving average is $71.12. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $87.80.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 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 firm had revenue of $3.02 billion during the quarter. As a group, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current 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.