Sumitomo Mitsui Trust Group Inc. Grows Stock Holdings in DuPont de Nemours, Inc. $DD

Sumitomo Mitsui Trust Group Inc. grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.2% during the 2nd quarter, Holdings Channel reports. The fund owned 950,079 shares of the basic materials company’s stock after purchasing an additional 20,467 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in DuPont de Nemours were worth $65,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Summit Trail Advisors LLC boosted its holdings in shares of DuPont de Nemours by 37.4% in the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company’s stock valued at $1,787,000 after acquiring an additional 6,509 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in DuPont de Nemours by 85.3% during the first quarter. Concurrent Investment Advisors LLC now owns 31,153 shares of the basic materials company’s stock worth $2,327,000 after buying an additional 14,343 shares in the last quarter. Confluence Wealth Services Inc. boosted its holdings in DuPont de Nemours by 37.6% during the first quarter. Confluence Wealth Services Inc. now owns 16,187 shares of the basic materials company’s stock worth $1,209,000 after buying an additional 4,424 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in DuPont de Nemours by 15.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 756,907 shares of the basic materials company’s stock worth $56,526,000 after buying an additional 99,667 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in DuPont de Nemours by 110.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 16,021 shares of the basic materials company’s stock worth $1,196,000 after buying an additional 8,412 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Royal Bank Of Canada increased their price target on shares of DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Wolfe Research lowered their price target on shares of DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating on the stock in a report on Friday. UBS Group increased their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, 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 report on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.42.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $81.01 on Monday. The firm has a 50-day simple moving average of $77.53 and a 200-day simple moving average of $71.95. The stock has a market capitalization 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. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. 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 issued its earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The business 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%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Insider Activity at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction dated 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 sale, the senior vice president directly owned 38,585 shares in the company, valued at $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 74,208 shares of company stock valued at $5,714,861 in the last ninety days. 0.61% of the stock is owned by corporate insiders.

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.