First Citizens Bank & Trust Co. increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 605.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,305 shares of the basic materials company's stock after purchasing an additional 10,561 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in DuPont de Nemours were worth $1,598,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in DD. Nalls Sherbakoff Group LLC bought a new stake in DuPont de Nemours during the fourth quarter worth about $29,000. Elevation Wealth Partners LLC increased its holdings in shares of DuPont de Nemours by 168.5% during the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company's stock worth $32,000 after buying an additional 150 shares in the last quarter. Bangor Savings Bank bought a new position in shares of DuPont de Nemours in the third quarter valued at approximately $36,000. Grove Bank & Trust bought a new position in shares of DuPont de Nemours in the third quarter valued at approximately $40,000. Finally, Coastline Trust Co bought a new position in shares of DuPont de Nemours in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 73.96% of the company's stock.
DuPont de Nemours Stock Performance
DuPont de Nemours stock opened at $131.45 on Friday. DuPont de Nemours, Inc. has a 1 year low of $97.34 and a 1 year high of $157.98. The company has a market cap of $17.75 billion, a PE ratio of 292.17, a PEG ratio of 1.17 and a beta of 1.05. 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 50-day moving average is $133.53 and its two-hundred day moving average is $138.26.
DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.12. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $1.12 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. Equities analysts anticipate that DuPont de Nemours, Inc. will post 7.26 earnings per share for the current year.
DuPont de Nemours Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 annualized dividend and a yield of 1.8%. DuPont de Nemours's dividend payout ratio (DPR) is presently 533.33%.
Wall Street Analysts Forecast Growth
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 stock from $172.00 to $145.00 in a report on Friday, October 9th. Zacks Research cut DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Weiss Ratings reiterated a "sell (d+)" rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Citigroup cut their price objective on DuPont de Nemours from $170.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, October 7th. Finally, Royal Bank Of Canada reduced their price objective on DuPont de Nemours from $176.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.00.
Get Our Latest Analysis on DuPont de Nemours
DuPont de Nemours Profile
(
Free Report)
DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.
DuPont's portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.
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