Private Trust Co. NA Has $241,000 Position in DuPont de Nemours, Inc. $DD

Private Trust Co. NA lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 32.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,512 shares of the basic materials company’s stock after selling 1,680 shares during the period. Private Trust Co. NA’s holdings in DuPont de Nemours were worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its holdings in DuPont de Nemours by 3.0% in the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock worth $318,000 after buying an additional 134 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in DuPont de Nemours by 3.9% during the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 140 shares during the last quarter. Summit Financial LLC grew its holdings in DuPont de Nemours by 3.7% during the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock valued at $304,000 after purchasing an additional 146 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in DuPont de Nemours by 1.8% during the first quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company’s stock valued at $653,000 after purchasing an additional 152 shares during the last quarter. Finally, Ballast Inc. grew its holdings in DuPont de Nemours by 0.9% during the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company’s stock valued at $1,326,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DD. Mizuho increased their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Citigroup increased their price target on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. Finally, Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Nine 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.75.

Insider Buying and Selling

In related news, SVP Steven P. Larrabee sold 43,208 shares of the firm’s 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 of the company’s stock, valued at $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 74,208 shares of company stock valued at $5,714,861 over the last three months. 0.61% of the stock is owned by company insiders.

DuPont de Nemours Stock Up 1.7%

Shares of DD stock opened at $80.89 on Tuesday. The stock has a market cap of $33.87 billion, a P/E ratio of -172.11, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $87.80. The stock has a fifty day moving average price of $76.92 and a 200 day moving average price of $71.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94.

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

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.