Allianz Asset Management GmbH Sells 100,814 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Allianz Asset Management GmbH has reduced its stake in DuPont de Nemours, Inc. by 18.7%, selling 100,814 shares, leaving it with approximately 439,453 shares worth about $30.14 million.
• Shares of DuPont de Nemours opened at $79.59, with a market capitalization of $33.33 billion, and have a twelve-month price range of $53.77 to $87.80.
• Recent analyst reports suggest an optimistic outlook for DuPont, with several firms raising their price targets, and the stock currently has a consensus rating of "Moderate Buy" with an average target price of $89.75.

Allianz Asset Management GmbH decreased its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 18.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 439,453 shares of the basic materials company's stock after selling 100,814 shares during the period. Allianz Asset Management GmbH owned about 0.11% of DuPont de Nemours worth $30,142,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JNBA Financial Advisors increased its holdings in shares of DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after buying an additional 216 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after buying an additional 248 shares during the last quarter. WPG Advisers LLC purchased a new stake in shares of DuPont de Nemours in the 1st quarter valued at $35,000. Ransom Advisory Ltd purchased a new stake in shares of DuPont de Nemours in the 1st quarter valued at $40,000. Finally, Richardson Capital Management LLC purchased a new stake in shares of DuPont de Nemours in the 1st quarter valued at $43,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Up 1.9%

Shares of DD opened at $79.59 on Friday. The stock has a market capitalization of $33.33 billion, a P/E ratio of -169.34, a PEG ratio of 2.30 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. The firm has a fifty day simple moving average of $76.70 and a two-hundred day simple moving average of $71.12. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $87.80.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share 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, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company's stock in a transaction on 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 directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DD shares. Wells Fargo & Company upped 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. UBS Group upped their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Royal Bank Of Canada upped 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. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. Finally, Citigroup upped their price objective on shares of DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.75.

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.

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