Spire Wealth Management Has $116,000 Holdings in DuPont de Nemours, Inc. $DD

Spire Wealth Management trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 58.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,685 shares of the basic materials company’s stock after selling 2,349 shares during the period. Spire Wealth Management’s holdings in DuPont de Nemours were worth $116,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC bought a new position in DuPont de Nemours during the 1st quarter valued at about $531,037,000. Price T Rowe Associates Inc. MD grew its position in shares of DuPont de Nemours by 21.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after buying an additional 746,364 shares during the period. Strs Ohio acquired a new position in DuPont de Nemours during the first quarter valued at approximately $54,934,000. Valeo Financial Advisors LLC boosted its holdings in shares of DuPont de Nemours by 9,614.8% in the second quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company’s stock valued at $42,845,000 after buying an additional 618,229 shares during the period. Finally, Drummond Knight Asset Management Pty Ltd acquired a new position in shares of DuPont de Nemours in the first quarter valued at approximately $25,307,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 4.9%

DuPont de Nemours stock opened at $39.61 on Thursday. The firm has a 50 day moving average price of $75.83 and a two-hundred day moving average price of $72.24. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of -84.28, a PEG ratio of 2.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. DuPont de Nemours, Inc. has a 52-week low of $22.50 and a 52-week high of $39.86.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data 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 negative net margin of 1.54% and a positive return on equity of 7.85%. Equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on DD. KeyCorp reduced their target price on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday. UBS Group upped their price target on shares of DuPont de Nemours to $44.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Research downgraded shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Royal Bank Of Canada increased their price objective on shares of DuPont de Nemours from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, BMO Capital Markets reduced their price target on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.08.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president directly owned 38,585 shares of the company’s stock, valued at $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is owned by insiders.

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.