Birmingham Capital Management Co. Inc. AL Cuts Stock Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Birmingham Capital Management Co. Inc. AL reduced its stake in DuPont de Nemours, Inc. by 43.7%, selling 12,494 shares, and now owns 16,093 shares valued at $1,104,000.
• Insider trading revealed that SVP Steven P. Larrabee sold 43,208 shares of DuPont, reducing his position by 52.83%, while insiders collectively sold 74,208 shares worth over $5.7 million in the past three months.
• Recent analyses from Mizuho, UBS, and Wells Fargo have increased their price targets for DuPont's stock, with an average target of $89.75 and a consensus rating of "Moderate Buy."

Birmingham Capital Management Co. Inc. AL trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 43.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,093 shares of the basic materials company's stock after selling 12,494 shares during the period. Birmingham Capital Management Co. Inc. AL's holdings in DuPont de Nemours were worth $1,104,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. JNBA Financial Advisors grew its stake 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 in the last quarter. Valley National Advisers Inc. grew its stake 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 in the last quarter. WPG Advisers LLC purchased a new position in shares of DuPont de Nemours in the 1st quarter worth $35,000. Ransom Advisory Ltd purchased a new position in shares of DuPont de Nemours in the 1st quarter worth $40,000. Finally, REAP Financial Group LLC grew its stake in shares of DuPont de Nemours by 80.1% in the 2nd quarter. REAP Financial Group LLC now owns 605 shares of the basic materials company's stock worth $42,000 after buying an additional 269 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction dated Monday, September 15th. The shares were 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 owned 38,585 shares in the company, valued at $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 74,208 shares of company stock worth $5,714,861. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent research reports. Mizuho lifted their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. UBS Group lifted their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Weiss Ratings reissued a "hold (c-)" rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. Finally, BMO Capital Markets lowered their target price on shares of DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating for the company in a report on Friday, September 19th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.75.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $79.59 on Monday. The firm has a 50-day moving average price of $76.70 and a 200-day moving average price of $71.14. The firm has a market capitalization of $33.33 billion, a PE ratio of -169.34, a price-to-earnings-growth ratio of 2.30 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. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $87.80.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (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 firm had revenue of $3.02 billion during the quarter. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current 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.

Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.