Verdence Capital Advisors LLC Has $1.22 Million Position in DuPont de Nemours, Inc. $DD

Key Points

• Verdence Capital Advisors LLC reduced its holdings in DuPont de Nemours, Inc. by 16.5%, owning 17,822 shares valued at approximately $1.22 million as of the latest 13F filing.
• Several institutional investors significantly altered their positions in DuPont during the first quarter, including Nuveen LLC, which acquired a new stake valued at about $531 million.
• Analyst ratings for DuPont de Nemours remain optimistic, with nine analysts giving it a Buy rating and a consensus target price of $88.33.

Verdence Capital Advisors LLC reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 16.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,822 shares of the basic materials company's stock after selling 3,522 shares during the period. Verdence Capital Advisors LLC's holdings in DuPont de Nemours were worth $1,222,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DD. Nuveen LLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $531,037,000. Price T Rowe Associates Inc. MD boosted its position in DuPont de Nemours by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company's stock valued at $310,656,000 after buying an additional 746,364 shares in the last quarter. Strs Ohio acquired a new position in DuPont de Nemours in the first quarter valued at about $54,934,000. Valeo Financial Advisors LLC boosted its position in DuPont de Nemours by 9,614.8% in the second quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company's stock valued at $42,845,000 after buying an additional 618,229 shares in the last quarter. Finally, Drummond Knight Asset Management Pty Ltd acquired a new position in DuPont de Nemours in the first quarter valued at about $25,307,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on DD. Citigroup boosted their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Mizuho boosted their price target 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. KeyCorp boosted their target price on shares of DuPont de Nemours from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $88.33.

DuPont de Nemours Trading Up 2.9%

DD opened at $75.87 on Tuesday. 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 has a market cap of $31.77 billion, a price-to-earnings ratio of -161.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. The firm has a 50 day simple moving average of $76.12 and a 200 day simple moving average of $71.00. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week 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 business had revenue of $3.02 billion during the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Insider Transactions at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of the business's 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 transaction, the senior vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 74,208 shares of company stock worth $5,714,861 in the last ninety days. 0.61% of the stock is currently owned by insiders.

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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