Prime Capital Investment Advisors LLC Sells 1,023 Shares of DuPont de Nemours, Inc. $DD

Prime Capital Investment Advisors LLC lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 12.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,312 shares of the basic materials company’s stock after selling 1,023 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in DuPont de Nemours were worth $502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its holdings in shares of DuPont de Nemours by 3.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock worth $318,000 after purchasing an additional 134 shares in the last quarter. Summit Financial LLC lifted its holdings in shares of DuPont de Nemours by 3.7% in the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock worth $304,000 after purchasing an additional 146 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in shares of DuPont de Nemours by 1.8% in the first quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company’s stock valued at $653,000 after buying an additional 152 shares in the last quarter. Ballast Inc. lifted its stake in shares of DuPont de Nemours by 0.9% in the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company’s stock valued at $1,326,000 after buying an additional 159 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in shares of DuPont de Nemours by 16.9% in the first quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company’s stock valued at $88,000 after buying an additional 170 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $73.82 on Friday. The business’s fifty day simple moving average is $76.02 and its 200 day simple moving average is $71.06. The firm has a market capitalization of $30.91 billion, a P/E ratio of -157.06, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $87.80. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The business had revenue of $3.02 billion for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. KeyCorp raised their price objective on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. UBS Group raised their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday. Citigroup raised their target price on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $94.00 price objective on shares of DuPont de Nemours in a research note on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $88.33.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the sale, the senior vice president owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 over the last 90 days. 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.