IFP Advisors Inc Acquires 10,381 Shares of DuPont de Nemours, Inc. $DD

IFP Advisors Inc increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 22.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,649 shares of the basic materials company's stock after acquiring an additional 10,381 shares during the period. IFP Advisors Inc's holdings in DuPont de Nemours were worth $3,817,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DD. Brighton Jones LLC grew its position in DuPont de Nemours by 19.6% during the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock worth $382,000 after acquiring an additional 822 shares during the last quarter. CX Institutional boosted its position in DuPont de Nemours by 11.8% in the 1st quarter. CX Institutional now owns 4,760 shares of the basic materials company's stock valued at $356,000 after buying an additional 501 shares during the last quarter. Simon Quick Advisors LLC boosted its position in DuPont de Nemours by 28.1% in the 1st quarter. Simon Quick Advisors LLC now owns 7,548 shares of the basic materials company's stock valued at $564,000 after buying an additional 1,658 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in DuPont de Nemours by 19.9% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 10,751 shares of the basic materials company's stock valued at $803,000 after buying an additional 1,785 shares during the last quarter. Finally, Legacy Trust boosted its position in DuPont de Nemours by 2.1% in the 1st quarter. Legacy Trust now owns 65,960 shares of the basic materials company's stock valued at $4,926,000 after buying an additional 1,370 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

DD stock opened at $73.82 on Friday. The business's fifty day moving average is $76.02 and its 200-day moving average is $71.06. 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 company has a market cap of $30.91 billion, a P/E ratio of -157.06, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08. 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 posted its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share 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%. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DD. Mizuho increased their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. BMO Capital Markets decreased their price objective on DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating on the stock in a research report on Friday, September 19th. Weiss Ratings reiterated a "hold (c-)" rating on shares of DuPont de Nemours in a research report on Wednesday. Wells Fargo & Company increased their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Finally, UBS Group increased their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.33.

Insiders Place Their Bets

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction dated 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 transaction, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 74,208 shares of company stock worth $5,714,861 in the last 90 days. Insiders own 0.61% of the company's stock.

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.

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.