Global Trust Asset Management LLC Trims Stock Position in DuPont de Nemours, Inc. $DD

Key Points

• Global Trust Asset Management LLC reduced its stake in DuPont by 50.1%, now owning 4,380 shares valued at approximately $301,000.
• Several hedge funds increased their positions in DuPont, with total institutional ownership reaching 73.96% of the stock.
• Analysts have raised their price targets for DuPont, with a consensus price target of $88.33 and a consensus rating of "Moderate Buy".

Global Trust Asset Management LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 50.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,380 shares of the basic materials company's stock after selling 4,389 shares during the quarter. Global Trust Asset Management LLC's holdings in DuPont de Nemours were worth $301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc grew its position in DuPont de Nemours by 3.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company's stock valued at $318,000 after purchasing an additional 134 shares during the last quarter. Summit Financial LLC grew its position in DuPont de Nemours by 3.7% during the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock valued at $304,000 after purchasing an additional 146 shares during the last quarter. Belpointe Asset Management LLC grew its position in DuPont de Nemours by 1.8% during the 1st quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company's stock valued at $653,000 after purchasing an additional 152 shares during the last quarter. Ballast Inc. grew its position in DuPont de Nemours by 0.9% during the 1st quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after purchasing an additional 159 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its position in DuPont de Nemours by 16.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock valued at $88,000 after purchasing an additional 170 shares during the last quarter. 73.96% of the stock is 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 stock in a transaction that occurred 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 transaction, the senior vice president owned 38,585 shares in the company, valued at $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 is available at this link. In the last quarter, insiders have sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup increased their price objective on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Royal Bank Of Canada reissued an "outperform" rating and set a $94.00 price objective on shares of DuPont de Nemours in a research report on Friday, September 19th. Wells Fargo & Company increased 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 report on Monday, July 14th. UBS Group upped their target price 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. Finally, KeyCorp upped their target price on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.33.

DuPont de Nemours Price Performance

DD opened at $76.17 on Monday. The company's 50-day simple moving average is $75.23 and its two-hundred day simple moving average is $70.87. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. 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 stock has a market capitalization of $31.89 billion, a P/E ratio of -162.06, a P/E/G ratio of 2.20 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. 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 $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The business's quarterly revenue was up 2.7% on a year-over-year basis. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. As a group, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

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.

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.