Freestone Capital Holdings LLC Sells 2,691 Shares of DuPont de Nemours, Inc. $DD

Freestone Capital Holdings LLC decreased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 40.3% during the second quarter, Holdings Channel reports. The firm owned 3,993 shares of the basic materials company’s stock after selling 2,691 shares during the quarter. Freestone Capital Holdings LLC’s holdings in DuPont de Nemours were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC lifted its position in DuPont de Nemours by 64.4% during the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 143 shares during the period. WPG Advisers LLC bought a new position in DuPont de Nemours during the first quarter valued at approximately $35,000. Ransom Advisory Ltd bought a new position in DuPont de Nemours during the first quarter valued at approximately $40,000. Quaker Wealth Management LLC lifted its position in DuPont de Nemours by 200.7% during the second quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 1,184 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its position in DuPont de Nemours by 36.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 599 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 159 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 8.7%

DD opened at $37.72 on Wednesday. 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 1-year low of $33.33 and a 1-year high of $87.80. The company has a market capitalization of $15.79 billion, a PE ratio of -80.26, a PEG ratio of 2.49 and a beta of 1.08. The firm’s 50 day simple moving average is $76.60 and its two-hundred day simple moving average is $72.47.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on DD. Wells Fargo & Company increased their price objective 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. UBS Group increased their price objective 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. Mizuho increased their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. 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, Zacks Research downgraded shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $84.92.

Insider Activity

In other 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 directly owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 74,208 shares of company stock valued at $5,714,861 over the last three months. Corporate insiders own 0.61% of the company’s stock.

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.