DuPont de Nemours, Inc. $DD Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 87.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,450 shares of the basic materials company’s stock after selling 16,336 shares during the period. iA Global Asset Management Inc.’s holdings in DuPont de Nemours were worth $168,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DD. Nuveen LLC acquired a new position in shares of DuPont de Nemours during the first quarter valued at $531,037,000. Price T Rowe Associates Inc. MD grew its holdings 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 worth $310,656,000 after acquiring an additional 746,364 shares during the period. Strs Ohio acquired a new position in DuPont de Nemours during the first quarter worth about $54,934,000. Valeo Financial Advisors LLC grew its holdings in DuPont de Nemours by 9,614.8% during the second quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock worth $42,845,000 after acquiring an additional 618,229 shares during the period. Finally, Drummond Knight Asset Management Pty Ltd acquired a new position in DuPont de Nemours during the first quarter worth about $25,307,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was 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. This trade represents a 52.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 74,208 shares of company stock worth $5,714,861. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DD. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Wolfe Research lowered their target price on DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. KeyCorp lifted their target price on DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Finally, Royal Bank Of Canada lifted their price target on DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $84.92.

DuPont de Nemours Trading Up 8.7%

Shares of NYSE DD opened at $37.72 on Wednesday. DuPont de Nemours, Inc. has a one year low of $33.33 and a one year high of $87.80. The firm has a market capitalization of $15.79 billion, a PE ratio of -80.26, a PEG ratio of 2.49 and a beta of 1.08. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $76.60 and a two-hundred day moving average price of $72.47.

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

DuPont de Nemours 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.