Fifth Third Wealth Advisors LLC Acquires 1,061 Shares of DuPont de Nemours, Inc. $DD

Fifth Third Wealth Advisors LLC boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 12.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,719 shares of the basic materials company’s stock after purchasing an additional 1,061 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $667,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. JNBA Financial Advisors boosted its position in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 216 shares during the last quarter. Valley National Advisers Inc. boosted its position in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 248 shares during the last quarter. WPG Advisers LLC purchased a new position in DuPont de Nemours in the first quarter worth about $35,000. Ransom Advisory Ltd purchased a new position in DuPont de Nemours in the first quarter worth about $40,000. Finally, REAP Financial Group LLC boosted its position in DuPont de Nemours by 80.1% in the second quarter. REAP Financial Group LLC now owns 605 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 269 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 5.2%

NYSE DD opened at $73.82 on Monday. The stock’s 50 day moving average is $76.02 and its 200 day moving average is $70.98. 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 12 month low of $53.77 and a 12 month high of $87.80. The stock has a market cap of $30.91 billion, a PE ratio of -157.06, a P/E/G ratio of 2.13 and a beta of 1.08.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 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. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Steven P. Larrabee sold 43,208 shares of the business’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 approximately $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Mizuho raised their target price on 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 lifted their price objective on DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. 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 report on Monday, September 22nd. Finally, BMO Capital Markets lowered their price objective on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a research report on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.33.

DuPont de Nemours Company 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.