Whalen Wealth Management Inc. Lowers Stock Position in DuPont de Nemours, Inc. $DD

Whalen Wealth Management Inc. lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 32.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,637 shares of the basic materials company’s stock after selling 2,727 shares during the quarter. Whalen Wealth Management Inc.’s holdings in DuPont de Nemours were worth $387,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DD. Mizuho lifted their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. KeyCorp lifted their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Wolfe Research reduced their price objective on DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Finally, UBS Group lifted their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.42.

Insider Activity

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 stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of 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 SEC, which is available through this hyperlink. In the last ninety days, insiders sold 74,208 shares of company stock worth $5,714,861. Insiders own 0.61% of the company’s stock.

DuPont de Nemours Trading Up 0.6%

DuPont de Nemours stock opened at $81.85 on Wednesday. The business has a 50-day simple moving average of $77.86 and a two-hundred day simple moving average of $72.26. The company has a market cap of $34.27 billion, a P/E ratio of -174.15, a P/E/G ratio of 2.46 and a beta of 1.08. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $87.80. 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 released its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. The business had revenue of $3.02 billion during the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. Analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current 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.