DuPont de Nemours, Inc. $DD Stake Reduced by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 21.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 16,925 shares of the basic materials company’s stock after selling 4,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in DuPont de Nemours were worth $1,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DD. Nuveen LLC acquired a new stake in DuPont de Nemours during the 1st quarter worth about $531,037,000. Price T Rowe Associates Inc. MD increased its holdings in DuPont de Nemours by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after buying an additional 746,364 shares during the last quarter. Strs Ohio acquired a new position in DuPont de Nemours in the first quarter worth approximately $54,934,000. Valeo Financial Advisors LLC increased its holdings in DuPont de Nemours by 9,614.8% in the second quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock worth $42,845,000 after buying an additional 618,229 shares during the last quarter. Finally, Drummond Knight Asset Management Pty Ltd bought a new stake in DuPont de Nemours during the first quarter worth approximately $25,307,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of recent analyst reports. UBS Group upped their target price on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Wolfe Research dropped 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, October 24th. Mizuho increased their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Citigroup raised their target price on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Nine 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.42.

Insider Transactions at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours 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 sale, the senior vice president owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is currently owned by company insiders.

DuPont de Nemours Trading Up 0.1%

NYSE:DD opened at $81.58 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $87.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The stock has a market capitalization of $34.16 billion, a PE ratio of -173.57, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08. The business’s 50-day simple moving average is $78.23 and its 200-day simple moving average is $72.63.

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 business had revenue of $3.02 billion for the quarter. Sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours 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.