DuPont de Nemours, Inc. $DD Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 53.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,128 shares of the basic materials company’s stock after selling 10,317 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in DuPont de Nemours were worth $626,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position 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 in the last quarter. Nuveen LLC purchased a new stake in shares of DuPont de Nemours in the 1st quarter worth about $531,037,000. Price T Rowe Associates Inc. MD grew its stake 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 valued at $310,656,000 after acquiring an additional 746,364 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in DuPont de Nemours by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock valued at $249,961,000 after acquiring an additional 37,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 acquiring an additional 83,147 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. KeyCorp boosted their target price on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Finally, Mizuho raised their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.75.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $80.89 on Tuesday. The company has a market capitalization of $33.87 billion, a price-to-earnings ratio of -172.11, a PEG ratio of 2.30 and a beta of 1.08. 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 business has a 50-day moving average of $76.92 and a 200-day moving average of $71.30.

DuPont de Nemours (NYSE:DD) last released its quarterly 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 firm had revenue of $3.02 billion during the quarter. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling

In other DuPont de Nemours 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 value of $3,334,361.36. Following the completion of the transaction, the senior vice president directly 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 filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 74,208 shares of company stock valued at $5,714,861. 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.