DuPont de Nemours, Inc. $DD Shares Sold by Legacy Trust

Key Points

• Legacy Trust reduced its stake in DuPont de Nemours, Inc. by 28.2% in the second quarter, owning 47,349 shares valued at $3,248,000 after selling 18,611 shares.
• Institutional investors now own 73.96% of DuPont's stock, with several firms, including Ritholtz Wealth Management and Sequoia Financial Advisors, significantly increasing their positions earlier this year.
• DuPont reported a 2.7% year-over-year revenue increase, with quarterly earnings of $1.12 per share, exceeding expectations of $1.06.

Legacy Trust lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 28.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,349 shares of the basic materials company's stock after selling 18,611 shares during the quarter. Legacy Trust's holdings in DuPont de Nemours were worth $3,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its position in DuPont de Nemours by 48.8% during the 1st quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock valued at $333,000 after purchasing an additional 1,464 shares during the period. Sequoia Financial Advisors LLC boosted its position in DuPont de Nemours by 334.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock valued at $19,122,000 after purchasing an additional 197,115 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in DuPont de Nemours by 6.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock valued at $6,003,000 after purchasing an additional 4,995 shares during the period. Oppenheimer & Co. Inc. boosted its position in DuPont de Nemours by 11.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock valued at $4,069,000 after purchasing an additional 5,751 shares during the period. Finally, Summit Trail Advisors LLC boosted its position in DuPont de Nemours by 37.4% during the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock valued at $1,787,000 after purchasing an additional 6,509 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

Insider Activity at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business's stock in a transaction on 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 owned 38,585 shares of the company's stock, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is currently owned by insiders.

DuPont de Nemours Stock Down 1.4%

DD opened at $79.82 on Friday. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $88.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The stock's fifty day moving average is $75.49 and its 200-day moving average is $70.96. The company has a market capitalization of $33.42 billion, a PE ratio of -169.84, a P/E/G ratio of 2.30 and a beta of 1.08.

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 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $3.23 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The company's quarterly revenue 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. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and set a $94.00 price objective on shares of DuPont de Nemours in a research report on Friday, September 19th. Wells Fargo & Company boosted their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. KeyCorp boosted their price target on DuPont de Nemours from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Monday, September 22nd. UBS Group boosted their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, BMO Capital Markets reduced their price target on DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating for the company in a research report on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.33.

About DuPont de Nemours

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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