Allstate Corp Invests $1.13 Million in DuPont de Nemours, Inc. $DD

Allstate Corp acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,478 shares of the basic materials company’s stock, valued at approximately $1,128,000.

Several other hedge funds and other institutional investors have also made changes to their positions in DD. Wealth Enhancement Advisory Services LLC lifted its stake in DuPont de Nemours by 14.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 150,841 shares of the basic materials company’s stock valued at $11,898,000 after acquiring an additional 18,950 shares during the last quarter. Intrua Financial LLC increased its stake in shares of DuPont de Nemours by 5.7% during the 3rd quarter. Intrua Financial LLC now owns 6,428 shares of the basic materials company’s stock worth $501,000 after purchasing an additional 348 shares during the last quarter. Xcel Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at about $1,151,000. Tred Avon Family Wealth LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at about $428,000. Finally, Aviance Capital Partners LLC lifted its stake in DuPont de Nemours by 5.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 8,374 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 420 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $43.36 on Thursday. The business has a fifty day moving average price of $40.88 and a two-hundred day moving average price of $35.48. The stock has a market capitalization of $18.17 billion, a PE ratio of -23.57, a P/E/G ratio of 3.13 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63. DuPont de Nemours, Inc. has a fifty-two week low of $22.50 and a fifty-two week high of $44.17.

DuPont de Nemours (NYSE:DD) last released its earnings results on Thursday, November 6th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.05. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.18 EPS. DuPont de Nemours has set its Q4 2025 guidance at 0.430-0.430 EPS. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours declared that its board has approved a share repurchase program on Thursday, November 6th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the basic materials company to buy up to 12.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

DuPont de Nemours Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, November 28th. DuPont de Nemours’s dividend payout ratio (DPR) is currently -43.48%.

Insider Activity at DuPont de Nemours

In related news, CEO Lori Koch sold 9,011 shares of DuPont de Nemours 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 transaction, the chief executive officer directly 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. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Erik T. Hoover sold 6,005 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $39.79, for a total transaction of $238,938.95. Following the transaction, the senior vice president owned 112,101 shares of the company’s stock, valued at approximately $4,460,498.79. This represents a 5.08% 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 insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DD. Morgan Stanley lowered their price target on DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. Wall Street Zen upgraded DuPont de Nemours to a “hold” rating in a research note on Saturday, January 10th. KeyCorp boosted their target price on DuPont de Nemours from $45.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Royal Bank Of Canada increased their price target on DuPont de Nemours from $48.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, BMO Capital Markets cut their price target on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Ten equities 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.99.

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.