Snider Financial Group Increases Stock Holdings in DuPont de Nemours, Inc. $DD

Snider Financial Group raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,505 shares of the basic materials company’s stock after purchasing an additional 1,159 shares during the quarter. Snider Financial Group’s holdings in DuPont de Nemours were worth $1,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DD. Sigma Planning Corp raised its stake in shares of DuPont de Nemours by 9.1% in the second quarter. Sigma Planning Corp now owns 16,527 shares of the basic materials company’s stock worth $1,134,000 after buying an additional 1,380 shares during the period. EPG Wealth Management LLC increased its holdings in DuPont de Nemours by 3.7% in the 2nd quarter. EPG Wealth Management LLC now owns 12,056 shares of the basic materials company’s stock worth $827,000 after acquiring an additional 433 shares in the last quarter. State of Michigan Retirement System raised its stake in DuPont de Nemours by 4.8% during the 2nd quarter. State of Michigan Retirement System now owns 118,794 shares of the basic materials company’s stock worth $8,148,000 after acquiring an additional 5,400 shares during the period. Plato Investment Management Ltd lifted its holdings in DuPont de Nemours by 1,333.8% during the second quarter. Plato Investment Management Ltd now owns 13,908 shares of the basic materials company’s stock valued at $950,000 after purchasing an additional 12,938 shares in the last quarter. Finally, Syverson Strege & Co purchased a new position in DuPont de Nemours during the second quarter valued at approximately $209,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company’s 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 of the company’s stock, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DD has been the subject of a number of analyst reports. KeyCorp increased their price objective 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. Mizuho upped their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. BMO Capital Markets decreased their price target 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. UBS Group boosted their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Wolfe Research cut their target price on DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Nine investment 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’s stock. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $89.42.

DuPont de Nemours Stock Up 0.1%

Shares of DD stock opened at $81.58 on Monday. The company’s fifty day simple moving average is $78.23 and its two-hundred day simple moving average is $72.81. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $87.80. The stock has a market cap of $34.16 billion, a P/E ratio of -173.57, a PEG ratio of 2.49 and a beta of 1.08. 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 (NYSE:DD) last issued its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The firm had revenue of $3.02 billion for the quarter. Analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

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.