Sovran Advisors LLC Lowers Stock Position in DuPont de Nemours, Inc. $DD

Sovran Advisors LLC cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 16.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,894 shares of the basic materials company’s stock after selling 557 shares during the period. Sovran Advisors LLC’s holdings in DuPont de Nemours were worth $216,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vermillion Wealth Management Inc. purchased a new position in DuPont de Nemours during the fourth quarter valued at $28,000. JNBA Financial Advisors lifted its holdings in DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 248 shares in the last quarter. WPG Advisers LLC purchased a new position in DuPont de Nemours during the first quarter valued at $35,000. Finally, Pinney & Scofield Inc. purchased a new position in DuPont de Nemours during the fourth quarter valued at $36,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president directly owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 74,208 shares of company stock valued at $5,714,861 in the last quarter. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of several recent analyst reports. Mizuho increased their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. BMO Capital Markets decreased their price objective on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $94.00 target price on shares of DuPont de Nemours in a research report on Friday. UBS Group increased their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.58.

DuPont de Nemours Trading Up 0.2%

NYSE DD opened at $78.27 on Friday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a 50-day moving average of $75.05 and a 200-day moving average of $70.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The company has a market cap of $32.77 billion, a P/E ratio of -166.53, a P/E/G ratio of 1.94 and a beta of 1.07.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The company’s revenue was up 2.7% on a year-over-year basis. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, August 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently -348.94%.

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.