QRG Capital Management Inc. Sells 6,755 Shares of DuPont de Nemours, Inc. $DD

Key Points

• QRG Capital Management Inc. reduced its stake in DuPont de Nemours by 7.8% in the second quarter, selling 6,755 shares, resulting in holdings valued at approximately $5.5 million.
• DuPont de Nemours has a current market cap of $33.42 billion and reported stronger-than-expected earnings of $1.12 per share, surpassing estimates of $1.06.
• Recent analyst reports have raised DuPont's price targets, with KeyCorp increasing its target from $92 to $93, as a majority of analysts rate the stock as a "Moderate Buy."

QRG Capital Management Inc. decreased its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,177 shares of the basic materials company's stock after selling 6,755 shares during the quarter. QRG Capital Management Inc.'s holdings in DuPont de Nemours were worth $5,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DD. JNBA Financial Advisors lifted its stake in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after buying an additional 216 shares during the period. Valley National Advisers Inc. lifted its stake in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after buying an additional 248 shares during the period. WPG Advisers LLC acquired a new position in DuPont de Nemours in the first quarter valued at about $35,000. Ransom Advisory Ltd acquired a new position in DuPont de Nemours in the first quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in DuPont de Nemours by 1,770.0% in 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 buying an additional 531 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Down 1.4%

NYSE:DD opened at $79.82 on Monday. 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 company has a market cap of $33.42 billion, a PE ratio of -169.84, a PEG ratio of 2.30 and a beta of 1.08. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $88.21. The stock has a 50-day simple moving average of $75.49 and a 200 day simple moving average of $70.92.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted 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. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.DuPont de Nemours's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. 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, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. KeyCorp raised their price target on DuPont de Nemours from $92.00 to $93.00 and gave the stock an "overweight" rating in a research report on Monday, September 22nd. Mizuho raised their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. BMO Capital Markets dropped their price target on 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. UBS Group raised their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company raised their price target 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. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus target price of $88.33.

Insider Activity

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 stock was 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 $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 74,208 shares of company stock worth $5,714,861 in the last ninety days. 0.61% of the stock is currently owned by company insiders.

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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