Atria Wealth Solutions Inc. Lowers Stake in DuPont de Nemours, Inc. $DD

Atria Wealth Solutions Inc. cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 91.7% during the second quarter, HoldingsChannel.com reports. The firm owned 3,077 shares of the basic materials company’s stock after selling 34,111 shares during the period. Atria Wealth Solutions Inc.’s holdings in DuPont de Nemours were worth $211,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DD. Brighton Jones LLC boosted its holdings in DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock valued at $382,000 after purchasing an additional 822 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in DuPont de Nemours by 6.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company’s stock valued at $6,003,000 after buying an additional 4,995 shares in the last quarter. XML Financial LLC purchased a new position in DuPont de Nemours in the 1st quarter valued at about $202,000. Oppenheimer Asset Management Inc. lifted its stake in DuPont de Nemours by 110.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,021 shares of the basic materials company’s stock valued at $1,196,000 after buying an additional 8,412 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in DuPont de Nemours by 11.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company’s stock worth $4,069,000 after purchasing an additional 5,751 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DD has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. KeyCorp lifted their target price on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Royal Bank Of Canada boosted their price target on shares of DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Citigroup boosted their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.75.

DuPont de Nemours Stock Performance

Shares of DD opened at $79.70 on Thursday. 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 company has a market capitalization of $33.37 billion, a price-to-earnings ratio of -169.58, a PEG ratio of 2.46 and a beta of 1.08. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $87.80. The company’s 50 day simple moving average is $77.21 and its 200 day simple moving average is $71.42.

DuPont de Nemours (NYSE:DD) last issued 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 negative net margin of 1.54% and a positive return on equity of 7.85%. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Insider Activity at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction dated 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 sale, the senior vice president directly owned 38,585 shares in the company, valued at $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 74,208 shares of company stock valued at $5,714,861. Insiders own 0.61% of the company’s stock.

DuPont de Nemours 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.