Drummond Knight Asset Management Pty Ltd Makes New Investment in DuPont de Nemours, Inc. $DD

Key Points

• Drummond Knight Asset Management Pty Ltd acquired a new stake in DuPont de Nemours, purchasing approximately 338,870 shares valued at around $25.3 million, making DuPont the firm's third-largest position.
• Several analyst firms have raised their target prices for DuPont de Nemours, with a consensus rating of "Moderate Buy" and an average target price of $88.25.
• DuPont de Nemours recently reported earnings of $1.12 per share, surpassing analysts' projections and indicating a 2.7% year-over-year revenue increase to $3.26 billion.

Drummond Knight Asset Management Pty Ltd bought a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 338,870 shares of the basic materials company's stock, valued at approximately $25,307,000. DuPont de Nemours accounts for approximately 12.7% of Drummond Knight Asset Management Pty Ltd's portfolio, making the stock its 3rd biggest position. Drummond Knight Asset Management Pty Ltd owned approximately 0.08% of DuPont de Nemours at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Summit Financial LLC boosted its position in DuPont de Nemours by 3.7% during the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock worth $304,000 after acquiring an additional 146 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of DuPont de Nemours by 1.8% during the 1st quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company's stock valued at $653,000 after buying an additional 152 shares during the last quarter. Ballast Inc. lifted its holdings in shares of DuPont de Nemours by 0.9% during the 1st quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after buying an additional 159 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of DuPont de Nemours by 16.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock valued at $88,000 after buying an additional 170 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in shares of DuPont de Nemours by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock valued at $1,440,000 after buying an additional 171 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

NYSE DD traded up $0.10 during trading on Tuesday, hitting $77.21. The company's stock had a trading volume of 1,500,590 shares, compared to its average volume of 2,886,872. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The firm has a market cap of $32.33 billion, a P/E ratio of -164.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. The firm has a 50 day moving average price of $74.87 and a 200 day moving average price of $70.90. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the firm earned $0.97 EPS. DuPont de Nemours's revenue for the quarter was up 2.7% compared to the same quarter last year. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.1%. DuPont de Nemours's payout ratio is currently -348.94%.

Wall Street Analyst Weigh In

DD has been the subject of several research reports. Royal Bank Of Canada lifted their price target on DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price target on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. KeyCorp raised their price objective on DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Mizuho raised their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, UBS Group raised their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.25.

Insider Buying and Selling

In related news, SVP Steven P. Larrabee sold 6,000 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $78.00, for a total value of $468,000.00. Following the sale, the senior vice president owned 42,585 shares of the company's stock, valued at $3,321,630. The trade was a 12.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

DuPont de Nemours Profile

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.