McElhenny Sheffield Capital Management LLC Acquires Shares of 110,000 DuPont de Nemours, Inc. $DD

Key Points

• McElhenny Sheffield Capital Management LLC acquired 110,000 shares of DuPont de Nemours, Inc. valued at approximately $7,545,000, indicating strong institutional interest in the company.
• DuPont reported a quarterly earnings per share (EPS) of $1.12, beating analyst estimates and showing a revenue increase of 2.7% compared to the same quarter last year.
• Analyst ratings for DuPont are generally positive, with nine analysts giving it a Buy rating and an increasing consensus target price of $88.33.

McElhenny Sheffield Capital Management LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 110,000 shares of the basic materials company's stock, valued at approximately $7,545,000.

A number of other hedge funds also recently bought and sold shares of the business. Vontobel Holding Ltd. raised its holdings in DuPont de Nemours by 50.1% in the 2nd quarter. Vontobel Holding Ltd. now owns 10,007 shares of the basic materials company's stock valued at $686,000 after acquiring an additional 3,339 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in DuPont de Nemours by 4.1% in the 2nd quarter. Maryland State Retirement & Pension System now owns 20,345 shares of the basic materials company's stock valued at $1,395,000 after acquiring an additional 796 shares during the last quarter. Optas LLC acquired a new stake in DuPont de Nemours in the 2nd quarter valued at about $402,000. REAP Financial Group LLC grew its stake in shares of DuPont de Nemours by 80.1% in the 2nd quarter. REAP Financial Group LLC now owns 605 shares of the basic materials company's stock valued at $42,000 after buying an additional 269 shares during the period. Finally, Shell Asset Management Co. grew its stake in shares of DuPont de Nemours by 128.6% in the 2nd quarter. Shell Asset Management Co. now owns 27,768 shares of the basic materials company's stock valued at $1,905,000 after buying an additional 15,621 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $78.31 on Thursday. 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 has a market capitalization of $32.79 billion, a P/E ratio of -166.62, a PEG ratio of 2.28 and a beta of 1.08. The company has a 50 day moving average price of $75.82 and a 200 day moving average price of $71.07. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $87.80.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. During the same quarter last year, the company posted $0.97 EPS. The firm'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 forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the firm's 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 owned 38,585 shares of the company's stock, valued at $2,977,604.45. This trade represents a 52.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 74,208 shares of company stock valued at $5,714,861. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DD. Weiss Ratings reissued a "hold (c-)" rating on shares of DuPont de Nemours in a research note on Wednesday. UBS Group increased their price target 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. Citigroup increased their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. KeyCorp increased their price target 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. Finally, Mizuho increased their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.33.

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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