Homestead Advisers Corp Sells 16,600 Shares of DuPont de Nemours, Inc. $DD

Homestead Advisers Corp decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 831,369 shares of the basic materials company’s stock after selling 16,600 shares during the period. Homestead Advisers Corp owned approximately 0.20% of DuPont de Nemours worth $64,764,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of DuPont de Nemours by 1.1% in the third quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock worth $934,000 after acquiring an additional 127 shares in the last quarter. Pacifica Partners Inc. grew its position in shares of DuPont de Nemours by 27.0% in the 3rd quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 128 shares during the period. Sagespring Wealth Partners LLC grew its position in shares of DuPont de Nemours by 3.9% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 140 shares during the period. Princeton Global Asset Management LLC increased its stake in DuPont de Nemours by 64.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. Finally, Old Port Advisors raised its holdings in DuPont de Nemours by 4.9% during the 3rd quarter. Old Port Advisors now owns 3,148 shares of the basic materials company’s stock worth $245,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of DuPont de Nemours from $45.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, January 9th. BMO Capital Markets cut their price objective on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Mizuho increased their target price on DuPont de Nemours from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Wells Fargo & Company dropped their price target on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.99.

DuPont de Nemours Price Performance

NYSE:DD opened at $47.80 on Thursday. DuPont de Nemours, Inc. has a 52-week low of $22.50 and a 52-week high of $48.03. The company has a market cap of $20.03 billion, a P/E ratio of -25.98, a P/E/G ratio of 3.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.63 and a current ratio of 2.00. The stock’s 50-day simple moving average is $42.07 and its 200 day simple moving average is $36.42.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same period last year, the company earned $1.18 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours declared that its Board of Directors has authorized a share repurchase program on Thursday, November 6th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 12.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at DuPont de Nemours

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

DuPont de Nemours Profile

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.