DuPont de Nemours, Inc. $DD Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 39.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 104,565 shares of the basic materials company’s stock after purchasing an additional 29,473 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in DuPont de Nemours were worth $8,146,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Key Financial Inc grew its stake in DuPont de Nemours by 48.0% during the third quarter. Key Financial Inc now owns 1,039 shares of the basic materials company’s stock worth $81,000 after buying an additional 337 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in shares of DuPont de Nemours by 3.0% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 39,391 shares of the basic materials company’s stock valued at $3,069,000 after acquiring an additional 1,144 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in DuPont de Nemours by 84.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 4,114 shares of the basic materials company’s stock worth $317,000 after purchasing an additional 1,888 shares during the period. a16z Perennial Management L.P. acquired a new stake in DuPont de Nemours in the 3rd quarter valued at $262,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in DuPont de Nemours in the 3rd quarter valued at $272,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, SVP Erik T. Hoover sold 6,005 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $39.79, for a total transaction of $238,938.95. Following the completion of the transaction, the senior vice president owned 112,101 shares in the company, valued at approximately $4,460,498.79. The trade was a 5.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lori Koch sold 9,011 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $39.46, for a total value of $355,574.06. Following the transaction, the chief executive officer directly owned 288,326 shares in the company, valued at $11,377,343.96. This trade represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.61% of the stock is owned by insiders.

DuPont de Nemours Stock Performance

DD opened at $47.15 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $42.47 and its 200-day moving average is $36.76. The stock has a market cap of $19.75 billion, a PE ratio of -25.63, a price-to-earnings-growth ratio of 3.41 and a beta of 1.10. DuPont de Nemours, Inc. has a twelve month low of $22.50 and a twelve month high of $48.03.

DuPont de Nemours declared that its board has approved a share buyback plan on Thursday, November 6th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to buy up to 12.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently weighed in on DD. UBS Group upped their target price on DuPont de Nemours from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada upped their price target on DuPont de Nemours from $48.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of DuPont de Nemours to a “hold” rating in a research note on Saturday, January 10th. JPMorgan Chase & Co. boosted their price objective on DuPont de Nemours from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Finally, Zacks Research upgraded DuPont de Nemours from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.42.

About DuPont de Nemours

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.