Harbour Investments Inc. Boosts Stock Holdings in DuPont de Nemours, Inc. $DD

Harbour Investments Inc. raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,007 shares of the basic materials company’s stock after purchasing an additional 190 shares during the period. Harbour Investments Inc.’s holdings in DuPont de Nemours were worth $412,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. JNBA Financial Advisors increased its stake in shares of DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. increased its stake in shares of DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 248 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of DuPont de Nemours in the first quarter worth about $35,000. Ransom Advisory Ltd purchased a new position in shares of DuPont de Nemours in the first quarter worth about $40,000. Finally, REAP Financial Group LLC increased its stake in shares of DuPont de Nemours by 80.1% in the second quarter. REAP Financial Group LLC now owns 605 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction that occurred 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 $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DD. Wells Fargo & Company boosted 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. Royal Bank Of Canada boosted their price objective on shares of DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday. Mizuho boosted 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. JPMorgan Chase & Co. boosted 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. Finally, Zacks Research cut shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $89.75.

DuPont de Nemours Trading Up 1.7%

Shares of DuPont de Nemours stock opened at $80.89 on Tuesday. 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 cap of $33.87 billion, a PE 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. The company has a 50 day simple moving average of $76.92 and a two-hundred day simple moving average of $71.30.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.02 billion during the quarter. Analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal 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.