DuPont de Nemours, Inc. $DD Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 336.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 48,000 shares of the basic materials company’s stock after acquiring an additional 37,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in DuPont de Nemours were worth $3,292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc lifted its stake 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 valued at $318,000 after purchasing an additional 134 shares in the last quarter. Sagespring Wealth Partners LLC lifted its stake in shares of DuPont de Nemours by 3.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 140 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of DuPont de Nemours by 64.4% in the 2nd 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 in the last quarter. Summit Financial LLC lifted its stake 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 valued at $304,000 after purchasing an additional 146 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co lifted its stake in shares of DuPont de Nemours by 3.8% in the 2nd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 4,090 shares of the basic materials company’s stock valued at $281,000 after purchasing an additional 150 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $77.17, for a total value of $3,334,361.36. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 74,208 shares of company stock valued at $5,714,861. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. KeyCorp lifted their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 17th. UBS Group raised their target price on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, BMO Capital Markets dropped their target price on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $89.42.

DuPont de Nemours Stock Performance

Shares of DD opened at $81.58 on Friday. The business’s 50 day moving average is $78.23 and its two-hundred day moving average is $72.63. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $87.80. The firm has a market cap of $34.16 billion, a price-to-earnings ratio of -173.57, a PEG ratio of 2.49 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.41 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 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 company had revenue of $3.02 billion for the quarter. Analysts forecast 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.