Machina Capital S.A.S. Has $2.09 Million Stock Position in DuPont de Nemours, Inc. $DD

Machina Capital S.A.S. lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 28.9% during the 2nd quarter, Holdings Channel reports. The fund owned 30,535 shares of the basic materials company’s stock after selling 12,413 shares during the period. Machina Capital S.A.S.’s holdings in DuPont de Nemours were worth $2,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its holdings in DuPont de Nemours by 85.3% during the first quarter. Concurrent Investment Advisors LLC now owns 31,153 shares of the basic materials company’s stock worth $2,327,000 after acquiring an additional 14,343 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in DuPont de Nemours by 15.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 756,907 shares of the basic materials company’s stock worth $56,526,000 after acquiring an additional 99,667 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in DuPont de Nemours by 3.4% during the first quarter. Stratos Wealth Partners LTD. now owns 9,582 shares of the basic materials company’s stock worth $716,000 after acquiring an additional 311 shares during the period. Principal Financial Group Inc. lifted its holdings in DuPont de Nemours by 4.2% during the first quarter. Principal Financial Group Inc. now owns 503,749 shares of the basic materials company’s stock worth $37,620,000 after acquiring an additional 20,171 shares during the period. Finally, IFM Investors Pty Ltd lifted its holdings in DuPont de Nemours by 8.8% during the first quarter. IFM Investors Pty Ltd now owns 113,795 shares of the basic materials company’s stock worth $8,498,000 after acquiring an additional 9,220 shares during the period. Institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was 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 directly owned 38,585 shares in the company, valued at $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 74,208 shares of company stock worth $5,714,861 in the last three months. 0.61% of the stock is owned by insiders.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $81.58 on Monday. The stock has a market cap 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. 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 quick ratio of 0.94 and a current ratio of 1.41. The stock has a fifty day moving average of $78.23 and a 200-day moving average of $72.81.

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

Analysts Set New Price Targets

A number of brokerages recently commented on DD. Wolfe Research dropped their price target on DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. KeyCorp raised their target price on DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. UBS Group raised 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. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their target price on DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.42.

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.