DuPont de Nemours (NYSE:DD) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• DuPont de Nemours has been downgraded from a "hold" rating to a "strong sell" rating by Zacks Research, reflecting negative sentiment regarding the stock's performance.
• Despite the downgrade, several other brokerages maintain a more positive outlook, with Royal Bank of Canada and Mizuho both issuing "outperform" ratings and setting target prices above $85.
• Insider selling increased recently, with a senior vice president offloading a significant portion of shares, indicating potential concern from management regarding the company's near-term prospects.

DuPont de Nemours (NYSE:DD - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently commented on DD. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $94.00 target price on shares of DuPont de Nemours in a report on Friday, September 19th. Mizuho raised their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Citigroup lifted their price objective on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. KeyCorp increased 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, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target of $89.25.

DuPont de Nemours Stock Up 1.1%

DD opened at $78.45 on Tuesday. DuPont de Nemours has a fifty-two week low of $53.77 and a fifty-two week high of $87.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The company has a market capitalization of $32.85 billion, a P/E ratio of -166.90, a P/E/G ratio of 2.24 and a beta of 1.08. The stock has a fifty day moving average of $76.37 and a 200-day moving average of $71.09.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 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 for the quarter. On average, equities analysts expect that DuPont de Nemours will post 4.38 EPS for the current year.

Insider Buying and Selling

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 transaction, the senior vice president owned 38,585 shares of the company's stock, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 over the last three months. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DuPont de Nemours

Institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management grew its stake in shares of DuPont de Nemours by 48.8% during the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock worth $333,000 after buying an additional 1,464 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of DuPont de Nemours by 334.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock valued at $19,122,000 after acquiring an additional 197,115 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of DuPont de Nemours by 6.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock valued at $6,003,000 after acquiring an additional 4,995 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in DuPont de Nemours by 11.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock worth $4,069,000 after acquiring an additional 5,751 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in 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 worth $1,787,000 after purchasing an additional 6,509 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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