13,235 Shares in DuPont de Nemours, Inc. $DD Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,235 shares of the basic materials company’s stock, valued at approximately $1,031,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Princeton Global Asset Management LLC increased its holdings in shares of 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 buying an additional 143 shares during the last quarter. Salomon & Ludwin LLC grew its position in DuPont de Nemours by 186.5% in 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 period. Cary Street Partners Investment Advisory LLC increased 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 acquiring an additional 218 shares during the last quarter. Crews Bank & Trust raised its position in DuPont de Nemours by 55.8% in the third 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 during the period. 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 during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Erik T. Hoover sold 6,005 shares of the firm’s stock in a transaction 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lori Koch sold 9,011 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.46, for a total transaction of $355,574.06. Following the transaction, the chief executive officer owned 288,326 shares in the company, valued at approximately $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. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DD shares. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Wolfe Research upped their price objective on shares of DuPont de Nemours from $44.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Wall Street Zen raised shares of DuPont de Nemours to a “hold” rating in a research report on Saturday, January 10th. JPMorgan Chase & Co. lifted their target price on shares of DuPont de Nemours from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday, December 22nd. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $45.99.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $44.42 on Tuesday. The stock has a market cap of $18.61 billion, a P/E ratio of -24.14, a P/E/G ratio of 3.26 and a beta of 1.08. DuPont de Nemours, Inc. has a twelve month low of $22.50 and a twelve month high of $45.07. The stock has a 50 day moving average of $41.77 and a two-hundred day moving average of $36.25. 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 (NYSE:DD) last announced its earnings results on Thursday, November 6th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.12 billion. During the same period last year, the firm posted $1.18 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. DuPont de Nemours has set its Q4 2025 guidance at 0.430-0.430 EPS. On average, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

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

DuPont de Nemours Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued 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 currently -43.48%.

DuPont de Nemours Profile

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.