Prime Capital Investment Advisors LLC lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 585.6% during the third quarter, Holdings Channel reports. The fund owned 15,706 shares of the basic materials company’s stock after buying an additional 13,415 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in DuPont de Nemours were worth $2,040,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of DD. State Street Corp grew its holdings in DuPont de Nemours by 140.3% in the second quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock worth $6,095,909,000 after purchasing an additional 26,238,300 shares during the period. KBC Group NV raised its holdings in shares of DuPont de Nemours by 435.8% during the first quarter. KBC Group NV now owns 1,687,376 shares of the basic materials company’s stock valued at $77,281,000 after purchasing an additional 1,372,435 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of DuPont de Nemours by 7,762.1% during the third quarter. TD Waterhouse Canada Inc. now owns 949,117 shares of the basic materials company’s stock valued at $123,281,000 after purchasing an additional 937,045 shares during the period. Bank of America Corp DE raised its holdings in shares of DuPont de Nemours by 22.0% during the first quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company’s stock valued at $212,039,000 after purchasing an additional 835,572 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in shares of DuPont de Nemours during the 1st quarter worth about $37,267,000. 73.96% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently commented on DD. JPMorgan Chase & Co. downgraded DuPont de Nemours from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $172.00 to $145.00 in a research note on Friday, October 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. UBS Group dropped their price target on DuPont de Nemours from $178.00 to $172.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Royal Bank Of Canada cut their price target on DuPont de Nemours from $176.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, Citigroup reduced their price objective on DuPont de Nemours from $170.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $162.00.
Get Our Latest Stock Report on DuPont de Nemours
DuPont de Nemours Stock Performance
DD opened at $134.11 on Thursday. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average price is $132.62 and its two-hundred day moving average price is $138.13. DuPont de Nemours, Inc. has a 1-year low of $99.20 and a 1-year high of $157.98. The company has a market cap of $18.11 billion, a price-to-earnings ratio of 298.08, a PEG ratio of 1.23 and a beta of 1.05.
DuPont de Nemours (NYSE:DD – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.12. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.12 earnings per share. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, analysts expect that DuPont de Nemours, Inc. will post 7.25 EPS for the current fiscal year.
DuPont de Nemours Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, November 30th. DuPont de Nemours’s dividend payout ratio is currently 533.33%.
DuPont de Nemours Company Profile
DuPont de Nemours, Inc is a diversified science and technology company that develops engineered materials and specialty products for industrial and consumer markets. Its offerings are used in applications including electronics, semiconductor manufacturing, water purification, transportation, construction, healthcare, and worker and consumer protection.
The company’s product portfolio has historically included high-performance films, resins, adhesives, engineered polymers, specialty fibers, protective materials, water-treatment membranes, and filtration technologies.
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