Connors Investor Services Inc. Acquires 45,043 Shares of DuPont de Nemours, Inc. $DD

Connors Investor Services Inc. increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 23.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,745 shares of the basic materials company’s stock after buying an additional 45,043 shares during the period. DuPont de Nemours accounts for about 1.5% of Connors Investor Services Inc.’s investment portfolio, making the stock its 23rd biggest holding. Connors Investor Services Inc.’s holdings in DuPont de Nemours were worth $16,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its stake in shares of DuPont de Nemours by 334.4% during the first quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company’s stock worth $19,122,000 after buying an additional 197,115 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of DuPont de Nemours by 6.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company’s stock worth $6,003,000 after buying an additional 4,995 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of DuPont de Nemours by 11.8% during the first quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company’s stock worth $4,069,000 after buying an additional 5,751 shares during the last quarter. Summit Trail Advisors LLC increased its stake in DuPont de Nemours by 37.4% in the first quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company’s stock valued at $1,787,000 after purchasing an additional 6,509 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in DuPont de Nemours by 85.3% in the first quarter. Concurrent Investment Advisors LLC now owns 31,153 shares of the basic materials company’s stock valued at $2,327,000 after purchasing an additional 14,343 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on DD. Citigroup upped their target price on shares of DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. upped their price target on shares of DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. Finally, KeyCorp upped their price target on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

DuPont de Nemours Stock Performance

Shares of DD opened at $79.70 on Thursday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $87.80. The firm has a fifty day simple moving average of $77.21 and a 200 day simple moving average of $71.42. The stock has a market capitalization of $33.37 billion, a price-to-earnings ratio of -169.58, a PEG ratio of 2.46 and a beta of 1.08. 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 announced its earnings results 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. Research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the 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 sale, the senior vice president owned 38,585 shares in the company, valued at $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 in the last ninety days. Company insiders own 0.61% of the company’s stock.

DuPont de Nemours Company 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.