Eastern Bank Sells 635 Shares of DuPont de Nemours, Inc. $DD

Eastern Bank reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 9.8% during the second quarter, HoldingsChannel.com reports. The firm owned 5,831 shares of the basic materials company’s stock after selling 635 shares during the quarter. Eastern Bank’s holdings in DuPont de Nemours were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DD. Aberdeen Group plc lifted its holdings in shares of DuPont de Nemours by 4.9% during the 2nd quarter. Aberdeen Group plc now owns 465,230 shares of the basic materials company’s stock valued at $31,822,000 after buying an additional 21,911 shares during the period. Blue Trust Inc. lifted its holdings in shares of DuPont de Nemours by 1.5% during the 2nd quarter. Blue Trust Inc. now owns 11,863 shares of the basic materials company’s stock valued at $814,000 after buying an additional 175 shares during the period. Argyle Capital Management LLC lifted its holdings in shares of DuPont de Nemours by 1.4% during the 2nd quarter. Argyle Capital Management LLC now owns 29,196 shares of the basic materials company’s stock valued at $2,003,000 after buying an additional 397 shares during the period. IFP Advisors Inc lifted its holdings in shares of DuPont de Nemours by 22.9% during the 2nd quarter. IFP Advisors Inc now owns 55,649 shares of the basic materials company’s stock valued at $3,817,000 after buying an additional 10,381 shares during the period. Finally, Callan Family Office LLC lifted its holdings in shares of DuPont de Nemours by 82.5% during the 2nd quarter. Callan Family Office LLC now owns 6,452 shares of the basic materials company’s stock valued at $443,000 after buying an additional 2,917 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 5.2%

Shares of DD stock opened at $73.82 on Monday. 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 $30.91 billion, a PE ratio of -157.06, a PEG ratio of 2.13 and a beta of 1.08. The stock has a fifty day simple moving average of $76.02 and a two-hundred day simple moving average of $70.98.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data 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. On average, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

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.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DD shares. UBS Group increased their price target on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a report on Monday, July 21st. 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. Wells Fargo & Company upped their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Citigroup upped their price objective on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Finally, Mizuho upped 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. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $88.33.

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.