Freestone Capital Holdings LLC Decreases Stock Holdings in DuPont de Nemours, Inc. $DD

by · The Markets Daily

Freestone Capital Holdings LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 40.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,993 shares of the basic materials company’s stock after selling 2,691 shares during the quarter. Freestone Capital Holdings LLC’s holdings in DuPont de Nemours were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AdvisorNet Financial Inc increased its position in shares of DuPont de Nemours by 3.0% during the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after buying an additional 134 shares during the period. Sagespring Wealth Partners LLC increased its position in shares of DuPont de Nemours by 3.9% during the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after buying an additional 140 shares during the period. Princeton Global Asset Management LLC increased its position in shares of DuPont de Nemours by 64.4% during the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after buying an additional 143 shares during the period. Summit Financial LLC increased its position in shares of DuPont de Nemours by 3.7% during the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock valued at $304,000 after buying an additional 146 shares during the period. Finally, NORTHSTAR ASSET MANAGEMENT Co increased its position in shares of DuPont de Nemours by 3.8% during the second quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 4,090 shares of the basic materials company’s stock valued at $281,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DD shares. 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 report on Monday. Wolfe Research cut their price objective on shares of DuPont de Nemours from $89.00 to $87.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Citigroup upped their price objective on shares of DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Mizuho upped their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Finally, Zacks Research cut shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $84.92.

Get Our Latest Research Report on DD

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the transaction, the senior vice president owned 38,585 shares in the company, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

DuPont de Nemours Trading Up 8.7%

Shares of NYSE DD opened at $37.72 on Wednesday. The firm’s 50 day moving average price is $76.60 and its 200-day moving average price is $72.47. The company has a market cap of $15.79 billion, a PE ratio of -80.26, a P/E/G ratio of 2.49 and a beta of 1.08. DuPont de Nemours, Inc. has a 52-week low of $33.33 and a 52-week high of $87.80. 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 (NYSE:DD – Get Free Report) last issued its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Profile

(Free Report)

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.

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