Cwm LLC Increases Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Cwm LLC increased its holdings in DuPont de Nemours, Inc. by 115.3% in the second quarter, owning 67,628 shares valued at approximately $4.64 million.
• Several other institutional investors including Vanguard Group and Price T Rowe Associates also increased their stakes in DuPont, with over 73.96% of the stock held by hedge funds and institutional investors.
• Analysts have varied price targets for DuPont's stock, with a consensus target price of $89.25 and ratings varying from "Buy" to "Hold."

Cwm LLC raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 115.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,628 shares of the basic materials company's stock after buying an additional 36,220 shares during the quarter. Cwm LLC's holdings in DuPont de Nemours were worth $4,639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in DuPont de Nemours by 0.6% during the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company's stock worth $3,502,090,000 after buying an additional 298,408 shares in the last quarter. Nuveen LLC purchased a new position in DuPont de Nemours during the first quarter worth about $531,037,000. Price T Rowe Associates Inc. MD grew its position 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 buying an additional 746,364 shares in the last quarter. Bank of New York Mellon Corp grew its position in DuPont de Nemours by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock worth $249,961,000 after buying an additional 37,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in DuPont de Nemours by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company's stock worth $238,200,000 after buying an additional 83,147 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business's stock in a transaction dated Monday, September 15th. The stock was 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 owned 38,585 shares of the company's stock, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 74,208 shares of company stock valued at $5,714,861. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

DD has been the subject of several recent analyst reports. Royal Bank Of Canada restated an "outperform" rating and set a $94.00 target price on shares of DuPont de Nemours in a research report on Friday, September 19th. BMO Capital Markets cut their price objective on DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating for the company in a report on Friday, September 19th. Mizuho upped their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. UBS Group upped their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Citigroup upped their price objective on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.25.

DuPont de Nemours Trading Down 0.7%

NYSE DD opened at $78.01 on Friday. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $87.80. 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 stock has a 50-day moving average of $76.52 and a 200-day moving average of $71.12. The firm has a market cap of $32.66 billion, a PE ratio of -165.98, a price-to-earnings-growth ratio of 2.27 and a beta of 1.08.

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 for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company had revenue of $3.02 billion during the quarter. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

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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