Meyer Handelman Co. Lowers Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Meyer Handelman Co. reduced its stake in DuPont de Nemours, Inc. by 10.3%, owning 85,779 shares valued at approximately $5.88 million as per the latest SEC filing.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their holdings in DuPont, reflecting a strong institutional interest in the company.
• DuPont reported a positive quarterly earnings result with EPS of $1.12, exceeding analysts' expectations and indicating a year-over-year revenue growth of 2.7%.

Meyer Handelman Co. lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 10.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,779 shares of the basic materials company's stock after selling 9,836 shares during the quarter. Meyer Handelman Co.'s holdings in DuPont de Nemours were worth $5,884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in DuPont de Nemours by 0.6% during the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company's stock worth $3,502,090,000 after buying an additional 298,408 shares during the period. Nuveen LLC acquired a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $531,037,000. Price T Rowe Associates Inc. MD increased its holdings in DuPont de Nemours by 21.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company's stock valued at $310,656,000 after purchasing an additional 746,364 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in DuPont de Nemours by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock valued at $249,961,000 after purchasing an additional 37,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in DuPont de Nemours by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company's stock valued at $238,200,000 after purchasing an additional 83,147 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Steven P. Larrabee sold 43,208 shares of the 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 transaction, the senior vice president owned 38,585 shares of the company's stock, valued at $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 74,208 shares of company stock valued at $5,714,861 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

DuPont de Nemours Price Performance

DD stock opened at $74.56 on Friday. The business's 50-day moving average is $75.22 and its two-hundred day moving average is $70.93. 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 firm has a market capitalization of $31.22 billion, a P/E ratio of -158.64, a P/E/G ratio of 2.19 and a beta of 1.07. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06.

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 earnings per share (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 company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm's quarterly revenue was up 2.7% on a year-over-year basis. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DD has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective 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. Royal Bank Of Canada restated an "outperform" rating and set a $94.00 target price on shares of DuPont de Nemours in a report on Friday, September 19th. Citigroup lifted their target price on DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Mizuho raised their price objective 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 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.

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.