DuPont de Nemours, Inc. $DD Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,169,908 shares of the basic materials company’s stock after acquiring an additional 29,543 shares during the period. Bank of New York Mellon Corp owned approximately 0.76% of DuPont de Nemours worth $246,936,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Princeton Global Asset Management LLC increased its position in 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 purchasing an additional 143 shares in the last quarter. Salomon & Ludwin LLC lifted its position 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 valued at $25,000 after buying an additional 207 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in DuPont de Nemours by 67.5% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the basic materials company’s stock worth $37,000 after buying an additional 218 shares during the period. Crews Bank & Trust increased its position in shares of DuPont de Nemours by 55.8% in the third quarter. Crews Bank & Trust now owns 508 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 182 shares in the last quarter. Finally, Quaker Wealth Management LLC raised 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 acquiring an additional 1,184 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price objective on DuPont de Nemours from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Zacks Research raised DuPont de Nemours from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Wolfe Research increased their price objective on shares of DuPont de Nemours from $44.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. Finally, KeyCorp boosted their target price 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. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $45.99.

Insider Transactions at DuPont de Nemours

In other news, SVP Erik T. Hoover sold 6,005 shares of DuPont de Nemours stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.79, for a total value of $238,938.95. Following the completion of the transaction, the senior vice president owned 112,101 shares in the company, valued at approximately $4,460,498.79. This trade represents a 5.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lori Koch sold 9,011 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the sale, the chief executive officer owned 288,326 shares of the company’s stock, valued at $11,377,343.96. This trade represents a 3.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.61% of the stock is currently owned by company insiders.

DuPont de Nemours Stock Performance

Shares of DD opened at $44.56 on Friday. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of -24.22, a PEG ratio of 3.31 and a beta of 1.08. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $41.54 and its two-hundred day moving average is $35.99. DuPont de Nemours, Inc. has a 52-week low of $22.50 and a 52-week high of $45.07.

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, topping analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.12 billion. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.18 earnings per share. DuPont de Nemours has set its Q4 2025 guidance at 0.430-0.430 EPS. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.48%.

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

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.