DuPont de Nemours, Inc. $DD Shares Sold by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC reduced its stake in DuPont de Nemours by 15.4%, selling 8,717 shares, leaving them with approximately $3.29 million in holdings.
• Several institutional investors, including JNBA Financial Advisors and Valley National Advisers Inc., significantly increased their positions during the first quarter, boosting DuPont's institutional ownership to 73.96%.
• Insider sales included 43,208 shares sold by SVP Steven P. Larrabee, reducing his ownership by 52.83% and reflecting a broader trend of insider selling with a total of 74,208 shares sold over the past 90 days.

Mutual of America Capital Management LLC reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 15.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,986 shares of the basic materials company's stock after selling 8,717 shares during the period. Mutual of America Capital Management LLC's holdings in DuPont de Nemours were worth $3,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JNBA Financial Advisors boosted its holdings in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after purchasing an additional 216 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after purchasing an additional 248 shares during the last quarter. WPG Advisers LLC acquired a new position in DuPont de Nemours in the first quarter valued at approximately $35,000. Ransom Advisory Ltd acquired a new position in DuPont de Nemours in the first quarter valued at approximately $40,000. Finally, REAP Financial Group LLC lifted its holdings in DuPont de Nemours by 80.1% in the second quarter. REAP Financial Group LLC now owns 605 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 269 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company's stock in a transaction on 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 sale, 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 90 days. 0.61% of the stock is currently owned by corporate insiders.

DuPont de Nemours Stock Up 2.0%

Shares of NYSE DD opened at $81.32 on Friday. The firm has a market cap of $34.05 billion, a price-to-earnings ratio of -173.01, a PEG ratio of 2.41 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. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $87.80. The business's 50 day moving average is $77.37 and its two-hundred day moving average is $71.58.

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

Analysts Set New Price Targets

DD has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. KeyCorp upped their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. Royal Bank Of Canada upped their price objective on DuPont de Nemours from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, October 17th. Zacks Research cut DuPont de Nemours from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 14th. Finally, Citigroup upped their price objective on DuPont de Nemours from $85.00 to $93.00 in a report 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.75.

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.

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