FARMERS & MERCHANTS TRUST Co OF LONG BEACH Takes Position in DuPont de Nemours, Inc. $DD

Key Points

• Farmers & Merchants Trust Co of Long Beach has acquired a new stake in DuPont de Nemours, Inc., purchasing 3,577 shares valued at approximately $245,000.
• Institutional investors currently own 73.96% of DuPont's stock, with several firms significantly increasing their holdings in recent months.
• Analysts have mixed ratings for DuPont, with a consensus rating of "Moderate Buy" and an average target price of $88.33, indicating a generally positive outlook despite recent price target adjustments.

FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,577 shares of the basic materials company's stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DD. Brighton Jones LLC raised its holdings in shares of DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock valued at $382,000 after purchasing an additional 822 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of DuPont de Nemours by 12.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 111,354 shares of the basic materials company's stock valued at $8,491,000 after purchasing an additional 12,108 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of DuPont de Nemours by 7,327.1% in the first quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company's stock valued at $45,621,000 after purchasing an additional 602,657 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of DuPont de Nemours by 5.0% in the first quarter. Rhumbline Advisers now owns 782,112 shares of the basic materials company's stock valued at $58,408,000 after purchasing an additional 37,199 shares during the last quarter. Finally, Czech National Bank raised its holdings in shares of DuPont de Nemours by 6.0% in the first quarter. Czech National Bank now owns 96,019 shares of the basic materials company's stock valued at $7,171,000 after purchasing an additional 5,398 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on DD. BMO Capital Markets decreased their target price on shares of DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating for the company in a research note on Friday, September 19th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. UBS Group raised their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Royal Bank Of Canada reissued an "outperform" rating and issued a $94.00 target price on shares of DuPont de Nemours in a research note on Friday, September 19th. Finally, KeyCorp raised their target price on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.33.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 over the last three months. Insiders own 0.61% of the company's stock.

DuPont de Nemours Trading Up 1.1%

DD stock opened at $77.03 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The company has a fifty day moving average price of $75.25 and a two-hundred day moving average price of $70.87. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $89.89. The stock has a market cap of $32.25 billion, a price-to-earnings ratio of -163.89, a price-to-earnings-growth ratio of 2.20 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last released 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 negative net margin of 1.54% and a positive return on equity of 7.85%. The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The company'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 analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Company 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.

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