Evermay Wealth Management LLC Increases Stake in DuPont de Nemours, Inc. $DD

Evermay Wealth Management LLC increased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 19.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,127 shares of the basic materials company’s stock after purchasing an additional 180 shares during the period. Evermay Wealth Management LLC’s holdings in DuPont de Nemours were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Stephens Inc. AR boosted its stake in shares of DuPont de Nemours by 57.8% in the 2nd quarter. Stephens Inc. AR now owns 16,633 shares of the basic materials company’s stock valued at $1,141,000 after purchasing an additional 6,092 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of DuPont de Nemours by 13.8% in the 2nd quarter. Cidel Asset Management Inc. now owns 6,478 shares of the basic materials company’s stock valued at $444,000 after purchasing an additional 785 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of DuPont de Nemours by 22.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 11,532 shares of the basic materials company’s stock valued at $791,000 after purchasing an additional 2,143 shares in the last quarter. Gladwyn Financial Advisors Inc. purchased a new stake in shares of DuPont de Nemours in the 2nd quarter valued at $81,000. Finally, United Bank boosted its stake in shares of DuPont de Nemours by 14.6% in the 2nd quarter. United Bank now owns 18,816 shares of the basic materials company’s stock valued at $1,291,000 after purchasing an additional 2,396 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.7%

Shares of NYSE DD opened at $80.89 on Tuesday. 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, Inc. has a 12 month low of $53.77 and a 12 month high of $87.80. The firm has a market capitalization of $33.87 billion, a PE ratio of -172.11, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08. The firm has a fifty day simple moving average of $76.92 and a two-hundred day simple moving average of $71.30.

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

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction on 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 completion of the transaction, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DD. KeyCorp upped 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. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th. Citigroup increased their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Finally, Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.75.

About DuPont de Nemours

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.