Kwmg LLC Acquires 4,409 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Kwmg LLC increased its holdings in DuPont de Nemours by 6.1%, now owning 76,278 shares valued at approximately $5.23 million as of the end of the second quarter.
• Several institutional investors, including AdvisorNet Financial Inc. and Summit Financial LLC, have also increased their stakes in DuPont, reflecting a strong interest in the company's stock.
• The company announced a $0.41 quarterly dividend with a yield of 2.1%, but its current dividend payout ratio indicates a significant negative balance.

Kwmg LLC increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,278 shares of the basic materials company's stock after purchasing an additional 4,409 shares during the period. Kwmg LLC's holdings in DuPont de Nemours were worth $5,232,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. AdvisorNet Financial Inc lifted its holdings in shares of DuPont de Nemours by 3.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company's stock valued at $318,000 after purchasing an additional 134 shares in the last quarter. Summit Financial LLC lifted its holdings in shares of DuPont de Nemours by 3.7% during the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock valued at $304,000 after purchasing an additional 146 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of DuPont de Nemours by 1.8% during the 1st quarter. Belpointe Asset Management LLC now owns 8,749 shares of the basic materials company's stock valued at $653,000 after purchasing an additional 152 shares in the last quarter. Ballast Inc. lifted its holdings in shares of DuPont de Nemours by 0.9% during the 1st quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after purchasing an additional 159 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of DuPont de Nemours by 16.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock valued at $88,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the sale, the senior vice president owned 38,585 shares in the company, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 74,208 shares of company stock worth $5,714,861. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

DD has been the topic of several recent analyst reports. KeyCorp lifted their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Monday. Royal Bank Of Canada restated an "outperform" rating and issued a $94.00 target price on shares of DuPont de Nemours in a research note on Friday. Wells Fargo & Company boosted their target price on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Citigroup boosted their target price on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday. Finally, UBS Group boosted their target price on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.33.

DuPont de Nemours Trading Up 0.3%

Shares of DuPont de Nemours stock opened at $78.33 on Tuesday. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The stock has a market cap of $32.80 billion, a P/E ratio of -166.66, a P/E/G ratio of 1.95 and a beta of 1.07. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $75.11 and its 200-day moving average is $70.87.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (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 analysts' expectations of $3.23 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The business'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. Equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. DuPont de Nemours's dividend payout ratio is currently -348.94%.

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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