DuPont de Nemours, Inc. $DD Shares Acquired by ZWJ Investment Counsel Inc.

Key Points

• ZWJ Investment Counsel increased its DuPont stake by 22,166% in the third quarter, acquiring 381,477 additional shares for a total position of 383,198 shares valued at approximately $49.8 million. Institutional investors collectively own 73.96% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $163, although Goldman Sachs and JPMorgan recently lowered their targets and moved to neutral ratings.
• DuPont reported quarterly earnings of $1.88 per share, beating estimates of $1.76, while revenue rose 4% year over year to $1.82 billion. The company also declared a quarterly dividend of $0.60 per share, yielding about 1.9%.

ZWJ Investment Counsel Inc. grew its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 22,166.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,198 shares of the basic materials company's stock after purchasing an additional 381,477 shares during the period. DuPont de Nemours makes up approximately 1.4% of ZWJ Investment Counsel Inc.'s holdings, making the stock its 25th largest holding. ZWJ Investment Counsel Inc. owned approximately 0.28% of DuPont de Nemours worth $49,774,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. State Street Corp raised 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 valued at $6,095,909,000 after buying an additional 26,238,300 shares during the period. Auto Owners Insurance Co lifted its position in DuPont de Nemours by 4,275.8% during the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company's stock valued at $70,561,000 after buying an additional 17,151,278 shares in the last quarter. Fred Alger Management LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth approximately $96,068,000. Pacer Advisors Inc. grew its stake in DuPont de Nemours by 3,951.2% during the fourth quarter. Pacer Advisors Inc. now owns 1,818,000 shares of the basic materials company's stock worth $73,084,000 after buying an additional 1,773,124 shares during the period. Finally, KBC Group NV grew its stake in 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 worth $77,281,000 after buying an additional 1,372,435 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DD shares. The Goldman Sachs Group dropped their price objective on shares of DuPont de Nemours from $159.00 to $153.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th. JPMorgan Chase & Co. lowered shares of 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 report on Friday, October 9th. Royal Bank Of Canada decreased their price target on shares of DuPont de Nemours from $180.00 to $176.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Finally, Zacks Research downgraded DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $163.00.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $128.41 on Thursday. The business's 50-day simple moving average is $133.78 and its 200 day simple moving average is $138.29. The company has a market cap of $17.34 billion, a P/E ratio of 285.42, a PEG ratio of 1.18 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43. DuPont de Nemours, Inc. has a one year low of $97.34 and a one year high of $157.98.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.12. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%. DuPont de Nemours's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 7.26 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 30th. DuPont de Nemours's payout ratio is presently 533.33%.

DuPont de Nemours Profile

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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