DuPont de Nemours, Inc. (NYSE:DD) Stock Position Trimmed by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 25.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,522 shares of the basic materials company's stock after selling 12,760 shares during the period. Pacer Advisors Inc.'s holdings in DuPont de Nemours were worth $2,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $25,000. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. acquired a new position in DuPont de Nemours in the first quarter valued at approximately $28,000. Denver PWM LLC acquired a new stake in DuPont de Nemours during the second quarter worth $28,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company's stock worth $33,000 after acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Up 2.3 %

Shares of NYSE:DD traded up $1.96 during trading on Thursday, hitting $87.90. The company's stock had a trading volume of 234,025 shares, compared to its average volume of 2,598,410. The company has a market capitalization of $36.71 billion, a PE ratio of 104.84, a PEG ratio of 2.23 and a beta of 1.33. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $88.28. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The stock's 50-day moving average price is $80.98 and its two-hundred day moving average price is $78.91.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DD. Citigroup cut their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a "buy" rating on the stock in a research note on Friday, July 12th. UBS Group lifted their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada raised their price target on DuPont de Nemours from $87.00 to $102.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.00.

DuPont de Nemours 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.