Ethic Inc. Sells 2,109 Shares of DuPont de Nemours, Inc. $DD

Ethic Inc. reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 4.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 49,008 shares of the basic materials company’s stock after selling 2,109 shares during the quarter. Ethic Inc.’s holdings in DuPont de Nemours were worth $3,376,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of DuPont de Nemours by 0.6% in the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock valued at $3,502,090,000 after buying an additional 298,408 shares during the period. Nuveen LLC bought a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $531,037,000. Price T Rowe Associates Inc. MD boosted its stake in shares of DuPont de Nemours by 21.9% in the first 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 buying an additional 746,364 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of DuPont de Nemours by 1.1% in the first 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 buying an additional 37,327 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of DuPont de Nemours by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock valued at $238,200,000 after buying an additional 83,147 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Insider Activity at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DD has been the subject of several recent research reports. Mizuho boosted their price target 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. UBS Group upped their target price on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Citigroup upped their target price on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. 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 stock. According to data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

DuPont de Nemours Stock Up 2.0%

NYSE DD opened at $81.32 on Friday. 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 market capitalization of $34.05 billion, a PE ratio of -173.01, a PEG ratio of 2.41 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. The business has a fifty day moving average price of $77.37 and a two-hundred day moving average price of $71.58.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS 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 during the quarter. Equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

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.