Krilogy Financial LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,257 shares of the basic materials company’s stock, valued at approximately $799,000.
A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its position in DuPont de Nemours by 1.1% during the third quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock valued at $934,000 after acquiring an additional 127 shares during the last quarter. Pacifica Partners Inc. grew its position in DuPont de Nemours by 27.0% during the 3rd quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 128 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of DuPont de Nemours by 3.9% in the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock worth $256,000 after purchasing an additional 140 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. Finally, Old Port Advisors raised its stake in shares of DuPont de Nemours by 4.9% during the third quarter. Old Port Advisors now owns 3,148 shares of the basic materials company’s stock valued at $245,000 after acquiring an additional 147 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Stock Up 1.5%
DD stock opened at $50.19 on Friday. The stock has a market capitalization of $21.03 billion, a P/E ratio of -26.98, a P/E/G ratio of 1.24 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.42 and a quick ratio of 1.63. DuPont de Nemours, Inc. has a 1-year low of $22.50 and a 1-year high of $52.66. The business has a fifty day moving average price of $43.29 and a 200-day moving average price of $37.20.
DuPont de Nemours announced that its board has approved a share repurchase program on Thursday, November 6th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 12.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
Insiders Place Their Bets
In related news, CEO Lori Koch sold 9,011 shares of DuPont de Nemours stock in a transaction on Friday, November 28th. The stock was sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the sale, the chief executive officer owned 288,326 shares of the company’s stock, valued at $11,377,343.96. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Erik T. Hoover sold 6,005 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.79, for a total transaction of $238,938.95. Following the sale, the senior vice president directly owned 112,101 shares of the company’s stock, valued at $4,460,498.79. The trade was a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.61% of the company’s stock.
Analyst Ratings Changes
Several research firms have weighed in on DD. BMO Capital Markets increased their price objective on DuPont de Nemours from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday. Wall Street Zen raised shares of DuPont de Nemours to a “hold” rating in a research report on Saturday, January 10th. Royal Bank Of Canada boosted their price target on shares of DuPont de Nemours from $48.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Wolfe Research increased their price objective on DuPont de Nemours from $49.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their target price on shares of DuPont de Nemours from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $50.46.
Get Our Latest Stock Analysis on DD
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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