SeaCrest Wealth Management LLC Sells 3,754 Shares of DuPont de Nemours, Inc. $DD

Key Points

• SeaCrest Wealth Management LLC reduced its stake in DuPont de Nemours, Inc. by 35.5%, selling 3,754 shares and holding a total of 6,822 shares worth approximately $468,000.
• Analysts have set a consensus price target of $87.58 for DuPont, with several firms upgrading their ratings and target prices recently, including UBS Group and Wells Fargo.
• DuPont de Nemours reported a quarterly earnings beat with $1.12 EPS, surpassing estimates, and also announced a quarterly dividend of $0.41 per share.

SeaCrest Wealth Management LLC lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 35.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,822 shares of the basic materials company's stock after selling 3,754 shares during the period. SeaCrest Wealth Management LLC's holdings in DuPont de Nemours were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DD. Summit Financial LLC boosted its position in 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 acquiring an additional 146 shares in the last quarter. Belpointe Asset Management LLC boosted 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 worth $653,000 after purchasing an additional 152 shares during the last quarter. Ballast Inc. lifted its holdings in DuPont de Nemours by 0.9% in the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after acquiring an additional 159 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of DuPont de Nemours by 16.9% in the first quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock valued at $88,000 after buying an additional 170 shares in the last quarter. Finally, Moody National Bank Trust Division raised its stake in shares of DuPont de Nemours by 0.9% in the first quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock valued at $1,440,000 after acquiring an additional 171 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DD has been the subject of a number of research reports. Citigroup lifted their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a research report on Friday. Royal Bank Of Canada restated an "outperform" rating and issued a $94.00 price target on shares of DuPont de Nemours in a research report on Friday. BMO Capital Markets lowered 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. Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, KeyCorp upped their price target on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.33.

DuPont de Nemours Trading Up 0.3%

Shares of NYSE:DD traded up $0.23 during mid-day trading on Monday, hitting $78.33. The company had a trading volume of 4,730,493 shares, compared to its average volume of 2,667,618. The firm has a fifty day moving average price of $75.11 and a 200 day moving average price of $70.87. The company has a market capitalization of $32.80 billion, a PE ratio of -166.66, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. 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, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, August 29th. DuPont de Nemours's dividend payout ratio is -348.94%.

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 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 completion of the transaction, the senior vice president owned 38,585 shares of the company's stock, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 over the last ninety days. Company insiders own 0.61% of the company's stock.

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.