DuPont de Nemours, Inc. $DD Shares Acquired by Obermeyer Wealth Partners

Obermeyer Wealth Partners increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 73.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,159 shares of the basic materials company’s stock after purchasing an additional 10,663 shares during the period. Obermeyer Wealth Partners’ holdings in DuPont de Nemours were worth $1,726,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of DuPont de Nemours by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock valued at $3,502,090,000 after acquiring an additional 298,408 shares during the last quarter. Nuveen LLC acquired a new position in DuPont de Nemours in the first quarter worth $531,037,000. Price T Rowe Associates Inc. MD increased its stake in DuPont de Nemours by 21.9% during 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 purchasing an additional 746,364 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of DuPont de Nemours by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock worth $249,961,000 after purchasing an additional 37,327 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of DuPont de Nemours by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock worth $238,200,000 after buying an additional 83,147 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 74,208 shares of company stock valued at $5,714,861. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DD shares. Citigroup boosted their price objective on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. UBS Group upped their target price on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, July 21st. BMO Capital Markets dropped their price target on 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. KeyCorp boosted their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. Finally, Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.42.

DuPont de Nemours Trading Up 0.1%

Shares of DD stock opened at $81.58 on Monday. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80. The firm has a market capitalization of $34.16 billion, a PE ratio of -173.57, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08. The stock has a fifty day moving average of $78.23 and a two-hundred day moving average of $72.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. The business 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, research analysts expect 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.