Frank Rimerman Advisors LLC Acquires Shares of 3,197 DuPont de Nemours, Inc. (NYSE:DD)

Frank Rimerman Advisors LLC bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,197 shares of the basic materials company’s stock, valued at approximately $257,000.

A number of other institutional investors have also made changes to their positions in the business. Fortitude Family Office LLC raised its holdings in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares during the period. Crestwood Advisors Group LLC grew its position in shares of DuPont de Nemours by 3.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after purchasing an additional 132 shares during the last quarter. Triangle Securities Wealth Management increased its stake in shares of DuPont de Nemours by 0.7% during the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock worth $1,456,000 after purchasing an additional 134 shares during the period. Moody National Bank Trust Division increased its stake in shares of DuPont de Nemours by 0.6% during the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after purchasing an additional 134 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its holdings in DuPont de Nemours by 3.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 137 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

NYSE DD opened at $85.97 on Thursday. The firm’s 50 day simple moving average is $80.98 and its 200 day simple moving average is $78.91. The firm has a market capitalization of $35.91 billion, a price-to-earnings ratio of 104.84, a P/E/G ratio of 2.23 and a beta of 1.33. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $87.28.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DD shares. UBS Group increased their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Citigroup lowered their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.00.

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.