DuPont de Nemours (NYSE:DD) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of DuPont de Nemours (NYSE:DD) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

Several other research analysts have also commented on DD. BMO Capital Markets cut their price target on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday, September 19th. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $94.00 price target on shares of DuPont de Nemours in a report on Friday, September 19th. UBS Group raised their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. upped 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. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.25.

DuPont de Nemours Trading Down 0.7%

Shares of DD opened at $78.01 on Tuesday. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $87.80. The firm has a market capitalization of $32.66 billion, a P/E ratio of -165.98, a price-to-earnings-growth ratio of 2.27 and a beta of 1.08. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $76.52 and its 200 day simple moving average is $71.12.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS 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%. On average, equities research analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current year.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction that occurred on 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 approximately $2,977,604.45. This represents a 52.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 74,208 shares of company stock valued at $5,714,861. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of DuPont de Nemours

Several institutional investors have recently added to or reduced their stakes in DD. Vanguard Group Inc. increased its position in shares of DuPont de Nemours by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 47,664,223 shares of the basic materials company’s stock worth $3,269,289,000 after purchasing an additional 769,600 shares during the last quarter. State Street Corp grew its stake in DuPont de Nemours by 4.8% in the second quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock worth $1,259,585,000 after purchasing an additional 842,852 shares in the last quarter. Geode Capital Management LLC increased its holdings in DuPont de Nemours by 4.8% in the second quarter. Geode Capital Management LLC now owns 10,782,760 shares of the basic materials company’s stock valued at $736,487,000 after buying an additional 496,691 shares during the last quarter. Nuveen LLC acquired a new stake in DuPont de Nemours during the first quarter valued at approximately $531,037,000. Finally, Norges Bank acquired a new stake in DuPont de Nemours during the second quarter valued at approximately $313,306,000. 73.96% of the stock is owned by institutional investors and hedge funds.

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.