SPC Financial Inc. Sells 2,872 Shares of DuPont de Nemours, Inc. $DD

SPC Financial Inc. reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 30.8% in the second quarter, HoldingsChannel reports. The firm owned 6,443 shares of the basic materials company’s stock after selling 2,872 shares during the quarter. SPC Financial Inc.’s holdings in DuPont de Nemours were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. JNBA Financial Advisors grew its stake in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 216 shares during the period. Valley National Advisers Inc. grew its stake in shares of DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 248 shares during the period. WPG Advisers LLC bought a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $35,000. Ransom Advisory Ltd bought a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $40,000. Finally, REAP Financial Group LLC grew its stake in shares of DuPont de Nemours by 80.1% during the 2nd quarter. REAP Financial Group LLC now owns 605 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 269 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Down 5.2%

DD stock opened at $73.82 on Monday. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year 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 company has a market capitalization of $30.91 billion, a price-to-earnings ratio of -157.06, a PEG ratio of 2.13 and a beta of 1.08. The business has a 50 day simple moving average of $76.02 and a two-hundred day simple moving average of $70.98.

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

Wall Street Analyst Weigh In

DD has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Wednesday, October 8th. Citigroup boosted their price objective on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. UBS Group boosted their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, BMO Capital Markets cut their price objective on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $88.33.

Insiders Place Their Bets

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 completion of the transaction, the senior vice president directly owned 38,585 shares in the company, 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 SEC, which is available through the SEC website. In the last ninety days, insiders sold 74,208 shares of company stock valued at $5,714,861. Corporate insiders own 0.61% of the company’s stock.

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.