Principle Wealth Partners LLC Buys 190 Shares of DuPont de Nemours, Inc. $DD

Principle Wealth Partners LLC grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,106 shares of the basic materials company’s stock after purchasing an additional 190 shares during the quarter. Principle Wealth Partners LLC’s holdings in DuPont de Nemours were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Forum Financial Management LP grew its position in shares of DuPont de Nemours by 4.2% in the 2nd quarter. Forum Financial Management LP now owns 7,850 shares of the basic materials company’s stock worth $538,000 after buying an additional 314 shares during the period. Parcion Private Wealth LLC grew its position in shares of DuPont de Nemours by 4.5% in the 2nd quarter. Parcion Private Wealth LLC now owns 30,661 shares of the basic materials company’s stock worth $2,103,000 after buying an additional 1,330 shares during the period. Adams Natural Resources Fund Inc. grew its position in shares of DuPont de Nemours by 53.6% in the 2nd quarter. Adams Natural Resources Fund Inc. now owns 56,726 shares of the basic materials company’s stock worth $3,891,000 after buying an additional 19,800 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of DuPont de Nemours by 1.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 238,941 shares of the basic materials company’s stock worth $16,389,000 after buying an additional 3,846 shares during the period. Finally, St. Johns Investment Management Company LLC grew its position in shares of DuPont de Nemours by 5.1% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 10,562 shares of the basic materials company’s stock worth $724,000 after buying an additional 517 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $81.32 on Friday. The firm’s 50-day moving average price is $77.37 and its 200-day moving average price is $71.58. 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 company has a market cap of $34.05 billion, a PE ratio of -173.01, a PEG ratio of 2.41 and a beta of 1.08. 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 announced its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on DD. Royal Bank Of Canada upped their target price on shares of DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Citigroup increased their price objective on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th. Finally, BMO Capital Markets cut their price objective on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a research report on Friday, September 19th. Nine 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the firm’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 sale, the senior vice president owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 74,208 shares of company stock worth $5,714,861. Company 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.