Mutual of America Capital Management LLC Cuts Stock Holdings in DuPont de Nemours, Inc. $DD

Mutual of America Capital Management LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 15.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,986 shares of the basic materials company’s stock after selling 8,717 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DuPont de Nemours were worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in shares of DuPont de Nemours by 334.4% during the first quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company’s stock worth $19,122,000 after acquiring an additional 197,115 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in DuPont de Nemours by 6.6% in the first 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 during the last quarter. Oppenheimer & Co. Inc. increased its holdings in DuPont de Nemours by 11.8% in the first quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company’s stock valued at $4,069,000 after buying an additional 5,751 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in DuPont de Nemours by 37.4% in the first quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company’s stock valued at $1,787,000 after buying an additional 6,509 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in DuPont de Nemours by 85.3% in the first quarter. Concurrent Investment Advisors LLC now owns 31,153 shares of the basic materials company’s stock valued at $2,327,000 after buying an additional 14,343 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the topic of several recent analyst reports. Citigroup increased their target price on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Wells Fargo & Company increased their target price on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Transactions at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction dated 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 directly 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 document filed with the SEC, which is available at this link. Insiders have sold 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 Price Performance

Shares of DD opened at $81.32 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $87.80. The company has a market capitalization of $34.05 billion, a price-to-earnings ratio of -173.01, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. The firm has a 50-day simple moving average of $77.37 and a 200-day simple moving average of $71.58. 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 (NYSE:DD) last announced its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.02 billion during the quarter. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

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.