Homestead Advisers Corp Has $64.76 Million Stake in DuPont de Nemours, Inc. $DD

Homestead Advisers Corp reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 831,369 shares of the basic materials company’s stock after selling 16,600 shares during the quarter. Homestead Advisers Corp’s holdings in DuPont de Nemours were worth $64,764,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Salomon & Ludwin LLC raised its position in shares of DuPont de Nemours by 186.5% in the third quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 207 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of 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 buying an additional 143 shares during the period. Crews Bank & Trust grew its stake in DuPont de Nemours by 55.8% in the 3rd quarter. Crews Bank & Trust now owns 508 shares of the basic materials company’s stock valued at $40,000 after buying an additional 182 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in DuPont de Nemours by 67.5% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 218 shares during the period. Finally, Quaker Wealth Management LLC raised its holdings in DuPont de Nemours by 200.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,184 shares during the period. Institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Erik T. Hoover sold 6,005 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were 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 directly owned 112,101 shares in the company, valued at $4,460,498.79. The trade was a 5.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lori Koch sold 9,011 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $39.46, for a total value of $355,574.06. Following the sale, the chief executive officer owned 288,326 shares of the company’s stock, valued at $11,377,343.96. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.61% of the company’s stock.

DuPont de Nemours Trading Up 5.5%

DD opened at $47.80 on Thursday. The stock has a market capitalization of $20.03 billion, a price-to-earnings ratio of -25.98, a P/E/G ratio of 3.36 and a beta of 1.10. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a twelve month low of $22.50 and a twelve month high of $48.03. The company has a 50-day simple moving average of $42.07 and a 200 day simple moving average of $36.42.

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

DuPont de Nemours declared that its board has initiated a share buyback plan on Thursday, November 6th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 12.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

DD has been the subject of a number of research analyst reports. Citigroup boosted their price objective on DuPont de Nemours from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company reduced their price target on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Royal Bank Of Canada upped their price objective on DuPont de Nemours from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Morgan Stanley dropped their target price on DuPont de Nemours from $80.00 to $44.00 in a report on Monday, November 10th. Finally, 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 research note on Friday, January 9th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.99.

DuPont de Nemours Company 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.