Linscomb Wealth Inc. Reduces Holdings in DuPont de Nemours, Inc. $DD

Linscomb Wealth Inc. decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 13,604 shares of the basic materials company’s stock after selling 1,304 shares during the period. Linscomb Wealth Inc.’s holdings in DuPont de Nemours were worth $933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Nuveen LLC purchased a new stake in DuPont de Nemours during the 1st quarter worth $531,037,000. Price T Rowe Associates Inc. MD grew its holdings in DuPont de Nemours by 21.9% during the 1st 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 acquiring an additional 746,364 shares in the last quarter. Strs Ohio acquired a new position in DuPont de Nemours during the 1st quarter worth $54,934,000. Valeo Financial Advisors LLC grew its holdings in DuPont de Nemours by 9,614.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock worth $42,845,000 after acquiring an additional 618,229 shares in the last quarter. Finally, Drummond Knight Asset Management Pty Ltd acquired a new position in DuPont de Nemours during the 1st quarter worth $25,307,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $81.58 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $87.80. The firm has a 50-day simple moving average of $78.23 and a 200 day simple moving average of $72.63. The company has a market cap of $34.16 billion, a PE ratio of -173.57, a P/E/G ratio of 2.49 and a beta of 1.08.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data 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 EPS for the current year.

Wall Street Analyst Weigh In

DD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. UBS Group raised their price objective 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. Mizuho upped their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Wolfe Research dropped their price target on DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. Finally, Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.42.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the business’s 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. The trade was a 52.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 74,208 shares of company stock worth $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.