Carnegie Investment Counsel Raises Stock Position in DuPont de Nemours, Inc. $DD

Carnegie Investment Counsel lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,838 shares of the basic materials company’s stock after acquiring an additional 152 shares during the quarter. Carnegie Investment Counsel’s holdings in DuPont de Nemours were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DD. Princeton Global Asset Management LLC increased its position in shares of DuPont de Nemours by 64.4% during the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 143 shares during the period. JNBA Financial Advisors increased its position in shares of DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 216 shares during the period. Valley National Advisers Inc. increased its position in shares of DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 248 shares during the period. WPG Advisers LLC purchased a new position in shares of DuPont de Nemours during the first quarter worth approximately $35,000. Finally, Ransom Advisory Ltd purchased a new position in shares of DuPont de Nemours during the first quarter worth approximately $40,000. 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 DuPont de Nemours stock in a transaction on 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 directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 74,208 shares of company stock worth $5,714,861 in the last three months. Insiders own 0.61% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $81.01 on Monday. The company has a market cap of $33.92 billion, a price-to-earnings ratio of -172.36, a price-to-earnings-growth ratio of 2.45 and a beta of 1.08. 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 company has a 50 day moving average of $77.53 and a two-hundred day moving average of $71.95.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. The company had revenue of $3.02 billion during 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 predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DD shares. JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Wolfe Research dropped their price objective on shares of DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating on the stock in a research note on Friday. BMO Capital Markets dropped 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 note on Friday, September 19th. Mizuho increased their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, 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 note on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.42.

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.