Sanibel Captiva Trust Company Inc. Sells 1,890 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sanibel Captiva Trust Company Inc. decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,176 shares of the basic materials company’s stock after selling 1,890 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in DuPont de Nemours were worth $1,887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DD. Palisade Asset Management LLC acquired 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 position in DuPont de Nemours during the first quarter worth $26,000. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the second quarter worth $27,000. Denver PWM LLC acquired a new position in DuPont de Nemours during the second quarter worth $28,000. Finally, Fortitude Family Office LLC increased its holdings in DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after buying an additional 131 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.8 %

Shares of DuPont de Nemours stock opened at $86.31 on Friday. The firm has a 50-day moving average of $82.45 and a 200-day moving average of $79.91. The stock has a market cap of $36.09 billion, a PE ratio of 105.26, a PEG ratio of 2.23 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DD. Citigroup lowered their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $88.00 to $84.00 in a report on Monday. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.91.

DuPont de Nemours Company 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.