Hilltop National Bank Purchases New Position in DuPont de Nemours, Inc. $DD

Key Points

• Hilltop National Bank acquired a new stake in DuPont de Nemours, purchasing 18,453 shares valued at approximately $1.3 million during the 2nd quarter.
• Institutional investors currently own 73.96% of DuPont's stock, with other hedge funds also significantly increasing their holdings recently.
• DuPont's stock has received several analyst upgrades, with multiple firms raising their target prices, indicating strong market confidence, as the average target price is set at $88.33.

Hilltop National Bank purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,453 shares of the basic materials company's stock, valued at approximately $1,266,000.

Several other hedge funds have also recently modified their holdings of DD. Nuveen LLC bought a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $531,037,000. Assenagon Asset Management S.A. lifted its position in shares of DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after buying an additional 922,387 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of DuPont de Nemours by 21.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company's stock worth $310,656,000 after buying an additional 746,364 shares in the last quarter. Strs Ohio bought a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $54,934,000. Finally, Drummond Knight Asset Management Pty Ltd bought a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $25,307,000. Institutional investors own 73.96% of the company's stock.

Insiders Place Their Bets

In related news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 38,585 shares in the company, 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 hyperlink. In the last ninety days, insiders have sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DD. BMO Capital Markets dropped their target price on shares of DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating on the stock in a research report on Friday, September 19th. Citigroup lifted their target price on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. KeyCorp raised their price target on shares of DuPont de Nemours from $92.00 to $93.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $94.00 price target on shares of DuPont de Nemours in a research note on Friday, September 19th. Finally, Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.33.

DuPont de Nemours Stock Up 3.3%

DuPont de Nemours stock opened at $80.83 on Friday. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $88.21. The firm has a market capitalization of $33.84 billion, a price-to-earnings ratio of -171.97, a P/E/G ratio of 2.26 and a beta of 1.08. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $75.41 and a 200 day simple moving average of $70.99.

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 earnings per share for the quarter, beating 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 business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the business earned $0.97 EPS. DuPont de Nemours's 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, analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share 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.

Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.