Public Employees Retirement System of Ohio Has $16.10 Million Stock Holdings in DuPont de Nemours, Inc. $DD

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in DuPont de Nemours, Inc. by 5.4% during the 2nd quarter, owning approximately 234,686 shares valued at about $16.10 million.
• A number of analysts raised their price targets for DuPont shares, with Mizuho setting the highest at $85.00, while Wells Fargo increased theirs to $90.00, reflecting a favorable outlook on the stock.
• Insider activity showed a significant sale by SVP Steven P. Larrabee, who sold over 43,000 shares at a price of $77.17 each, decreasing his position by 52.83%.

Public Employees Retirement System of Ohio boosted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,686 shares of the basic materials company's stock after purchasing an additional 12,082 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of DuPont de Nemours worth $16,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JNBA Financial Advisors lifted its stake in shares of DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 216 shares during the last quarter. Valley National Advisers Inc. increased its holdings in DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after purchasing an additional 248 shares in the last quarter. WPG Advisers LLC bought a new position in DuPont de Nemours in the first quarter valued at about $35,000. Ransom Advisory Ltd acquired a new stake in shares of DuPont de Nemours during the first quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of DuPont de Nemours by 1,770.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 531 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DD. 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 report on Tuesday, July 15th. Citigroup raised their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Royal Bank Of Canada reissued an "outperform" rating and issued a $94.00 price objective on shares of DuPont de Nemours in a research note on Friday, September 19th. Wells Fargo & Company raised their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, BMO Capital Markets cut their target price on DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating on the stock in a report on Friday, September 19th. 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 an average rating of "Moderate Buy" and a consensus price target of $88.33.

Insider Activity

In other 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 transaction 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 $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 through this link. In the last quarter, insiders sold 74,208 shares of company stock worth $5,714,861. 0.61% of the stock is currently owned by corporate insiders.

DuPont de Nemours Stock Performance

Shares of DD opened at $74.56 on Friday. 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's fifty day simple moving average is $75.22 and its two-hundred day simple moving average is $70.93. 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 capitalization of $31.22 billion, a P/E ratio of -158.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07.

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, beating 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 the consensus estimate of $3.23 billion. During the same period in the previous year, the business earned $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. As a group, analysts predict 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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