Canandaigua National Bank & Trust Co. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 38.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,820 shares of the basic materials company's stock after acquiring an additional 7,761 shares during the quarter. Canandaigua National Bank & Trust Co.'s holdings in DuPont de Nemours were worth $1,908,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of DD. Parallel Advisors LLC grew its stake in shares of DuPont de Nemours by 3.0% during the 2nd quarter. Parallel Advisors LLC now owns 20,665 shares of the basic materials company's stock valued at $1,417,000 after acquiring an additional 597 shares during the period. Enterprise Bank & Trust Co raised its position in DuPont de Nemours by 1.8% during the second quarter. Enterprise Bank & Trust Co now owns 10,227 shares of the basic materials company's stock valued at $701,000 after purchasing an additional 185 shares during the period. Salem Investment Counselors Inc. lifted its holdings in shares of DuPont de Nemours by 3.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 8,470 shares of the basic materials company's stock worth $581,000 after acquiring an additional 305 shares during the last quarter. Kera Capital Partners Inc. bought a new position in shares of DuPont de Nemours during the second quarter valued at approximately $446,000. Finally, AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of DuPont de Nemours during the first quarter valued at $1,321,000. Institutional investors own 73.96% of the company's stock.
Insider Buying and Selling
In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $77.17, for a total value of $3,334,361.36. Following the sale, the senior vice president directly owned 38,585 shares of the company's stock, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 74,208 shares of company stock valued at $5,714,861 in the last ninety days. Corporate insiders own 0.61% of the company's stock.
Wall Street Analyst Weigh In
DD has been the subject of a number of analyst reports. UBS Group upped their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Citigroup upped their price target on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. KeyCorp boosted their target price on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $94.00 price objective on shares of DuPont de Nemours in a report on Friday. Finally, Wells Fargo & Company boosted their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.25.
View Our Latest Report on DuPont de Nemours
DuPont de Nemours Stock Performance
NYSE DD traded down $0.28 on Friday, reaching $77.83. The stock had a trading volume of 2,078,329 shares, compared to its average volume of 2,895,681. The stock has a market cap of $32.59 billion, a P/E ratio of -165.67, a price-to-earnings-growth ratio of 1.91 and a beta of 1.07. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The business's 50-day moving average price is $74.99 and its 200 day moving average price is $70.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.
DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. DuPont de Nemours's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. As a group, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.
DuPont de Nemours Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.41 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.1%. DuPont de Nemours's payout ratio is -348.94%.
DuPont de Nemours Company Profile
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Free Report)
DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.
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