Massachusetts Financial Services Co. MA Cuts Stock Holdings in DuPont de Nemours, Inc. $DD

Massachusetts Financial Services Co. MA cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 60.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,206,515 shares of the basic materials company’s stock after selling 4,832,984 shares during the period. Massachusetts Financial Services Co. MA owned 0.77% of DuPont de Nemours worth $249,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Princeton Global Asset Management LLC boosted its holdings in DuPont de Nemours by 64.4% in the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 143 shares during the last quarter. Salomon & Ludwin LLC increased its stake in DuPont de Nemours by 186.5% during the third quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 207 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of 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 worth $37,000 after purchasing an additional 218 shares during the period. Crews Bank & Trust lifted its stake in shares of 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 purchasing an additional 182 shares in the last quarter. Finally, Quaker Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 1,184 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DuPont de Nemours news, CEO Lori Koch sold 9,011 shares of DuPont de Nemours stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.46, for a total transaction of $355,574.06. Following the sale, the chief executive officer directly owned 288,326 shares in the company, valued at $11,377,343.96. The trade was a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Erik T. Hoover sold 6,005 shares of the company’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 value of $238,938.95. Following the completion of the transaction, the senior vice president directly owned 112,101 shares in the company, valued at approximately $4,460,498.79. The trade was a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.61% of the company’s stock.

DuPont de Nemours Trading Down 1.2%

NYSE DD opened at $42.88 on Tuesday. The stock has a market cap of $17.97 billion, a P/E ratio of -23.30, a PEG ratio of 3.18 and a beta of 1.08. The company’s fifty day simple moving average is $40.79 and its 200-day simple moving average is $35.35. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $44.17.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the business earned $1.18 EPS. The business’s revenue was down 2.9% on a year-over-year basis. DuPont de Nemours has set its Q4 2025 guidance at 0.430-0.430 EPS. Equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours announced that its board has initiated a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 12.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, November 28th. DuPont de Nemours’s payout ratio is presently -43.48%.

Analyst Ratings Changes

A number of analysts recently issued reports on DD shares. Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. BMO Capital Markets decreased their price objective on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. KeyCorp increased their price objective on shares of DuPont de Nemours from $45.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Citigroup raised their target price on shares of DuPont de Nemours from $38.90 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, UBS Group upped their price target on shares of DuPont de Nemours from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $45.53.

About DuPont de Nemours

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.