Aberdeen Group plc Grows Stock Position in DuPont de Nemours, Inc. $DD

Aberdeen Group plc increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 465,230 shares of the basic materials company’s stock after buying an additional 21,911 shares during the quarter. Aberdeen Group plc’s holdings in DuPont de Nemours were worth $31,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in DuPont de Nemours by 0.6% during the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock worth $3,502,090,000 after buying an additional 298,408 shares during the period. Nuveen LLC purchased a new position in DuPont de Nemours during the first quarter worth about $531,037,000. Price T Rowe Associates Inc. MD lifted its position in DuPont de Nemours by 21.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after buying an additional 746,364 shares during the period. Bank of New York Mellon Corp lifted its position in DuPont de Nemours by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock worth $249,961,000 after buying an additional 37,327 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in DuPont de Nemours by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock worth $238,200,000 after buying an additional 83,147 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $73.82 on Monday. The company has a market cap of $30.91 billion, a P/E ratio of -157.06, a PEG ratio of 2.13 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $87.80. The business’s 50-day simple moving average is $76.02 and its 200 day simple moving average is $70.98.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The business 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%. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction that occurred 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 directly owned 38,585 shares in the company, valued at $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DD shares. Citigroup increased their target price on DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Royal Bank Of Canada restated an “outperform” rating and issued a $94.00 price objective on shares of DuPont de Nemours in a report on Friday, September 19th. Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. BMO Capital Markets cut their price objective on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday, September 19th. Finally, Mizuho raised their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.33.

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.