US Bancorp DE Decreases Stock Position in DuPont de Nemours, Inc. $DD

Key Points

• US Bancorp DE reduced its stake in DuPont de Nemours, Inc. by 3.2%, now owning approximately 250,931 shares worth around $17.2 million.
• Multiple institutional investors have increased their holdings in DuPont recently, with Brighton Jones LLC growing its position by 19.6% during the last quarter.
• Analysts have mixed ratings on DuPont's stock, with the current consensus rating being a "Moderate Buy" and a consensus price target of $88.33.

US Bancorp DE lessened its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,931 shares of the basic materials company's stock after selling 8,330 shares during the period. US Bancorp DE owned approximately 0.06% of DuPont de Nemours worth $17,211,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in shares of 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 valued at $382,000 after acquiring an additional 822 shares during the period. CX Institutional grew its position in shares of DuPont de Nemours by 11.8% during the 1st quarter. CX Institutional now owns 4,760 shares of the basic materials company's stock valued at $356,000 after acquiring an additional 501 shares during the period. Simon Quick Advisors LLC boosted its holdings 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 worth $564,000 after buying an additional 1,658 shares during the period. Ferguson Wellman Capital Management Inc. boosted its holdings 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 worth $803,000 after buying an additional 1,785 shares during the period. Finally, Legacy Trust boosted its holdings 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 worth $4,926,000 after buying an additional 1,370 shares during the period. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BMO Capital Markets dropped 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. Weiss Ratings reiterated a "hold (c-)" rating on shares of DuPont de Nemours in a research note on Wednesday. Mizuho upped their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. 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. Finally, Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.33.

DuPont de Nemours Price Performance

Shares of DD stock opened at $73.82 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The company's 50-day simple moving average is $76.02 and its two-hundred day simple moving average is $71.06. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $87.80. The company has a market capitalization of $30.91 billion, a P/E ratio of -157.06, a P/E/G ratio of 2.25 and a beta of 1.08.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data 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 for the quarter. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Insider Buying and Selling

In related 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 transaction 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 $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 SEC, which is available at this link. Insiders have sold a total of 74,208 shares of company stock worth $5,714,861 over the last three months. Corporate insiders own 0.61% of the company's stock.

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.

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