Focus Partners Advisor Solutions LLC Increases Holdings in DuPont de Nemours, Inc. $DD

Focus Partners Advisor Solutions LLC raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 85.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,497 shares of the basic materials company’s stock after buying an additional 8,054 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in DuPont de Nemours were worth $1,200,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DD. Nuveen LLC purchased a new stake in DuPont de Nemours during the 1st quarter valued at $531,037,000. Price T Rowe Associates Inc. MD raised its stake in DuPont de Nemours by 21.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after buying an additional 746,364 shares during the last quarter. Strs Ohio purchased a new stake in DuPont de Nemours during the 1st quarter valued at $54,934,000. Valeo Financial Advisors LLC raised its stake in DuPont de Nemours by 9,614.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock valued at $42,845,000 after buying an additional 618,229 shares during the last quarter. Finally, Drummond Knight Asset Management Pty Ltd purchased a new stake in DuPont de Nemours during the 1st quarter valued at $25,307,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the transaction, the senior vice president owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DD has been the subject of several analyst reports. BMO Capital Markets reduced their price objective on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. 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 research note on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, KeyCorp upped their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.42.

DuPont de Nemours Trading Up 0.5%

Shares of DD stock opened at $81.45 on Tuesday. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $87.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The firm has a market capitalization of $34.10 billion, a PE ratio of -173.29, a PEG ratio of 2.45 and a beta of 1.08. The stock has a fifty day simple moving average of $77.69 and a two-hundred day simple moving average of $72.09.

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

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.