Regal Investment Advisors LLC Lowers Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Regal Investment Advisors LLC lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 14.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,541 shares of the basic materials company’s stock after selling 438 shares during the quarter. Regal Investment Advisors LLC’s holdings in DuPont de Nemours were worth $205,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank of Canada increased their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Citigroup reduced 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 report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Trading Up 0.1 %

Shares of DD opened at $88.05 on Thursday. The company’s fifty day simple moving average is $81.85 and its 200-day simple moving average is $79.46. The company has a market cap of $36.81 billion, a P/E ratio of 107.38, a P/E/G ratio of 2.23 and a beta of 1.33. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

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.