Shell Asset Management Co. Boosts Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Shell Asset Management Co. increased its holdings in DuPont de Nemours, Inc. by 128.6% during the second quarter, now owning 27,768 shares worth approximately $1.9 million.
• Several institutional investors, including KLP Kapitalforvaltning AS and Valeo Financial Advisors LLC, also increased their stakes in DuPont, reflecting growing interest in the company.
• Recent analyst reports have raised DuPont's target price, with Citigroup setting it at $93.00 and Wells Fargo at $90.00, indicating a positive outlook for the stock.

Shell Asset Management Co. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 128.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,768 shares of the basic materials company's stock after buying an additional 15,621 shares during the quarter. Shell Asset Management Co.'s holdings in DuPont de Nemours were worth $1,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS boosted its stake in DuPont de Nemours by 3.4% during the second quarter. KLP Kapitalforvaltning AS now owns 157,376 shares of the basic materials company's stock worth $10,794,000 after buying an additional 5,200 shares during the period. Richwood Investment Advisors LLC lifted its position in shares of DuPont de Nemours by 8.1% during the second quarter. Richwood Investment Advisors LLC now owns 3,371 shares of the basic materials company's stock worth $231,000 after purchasing an additional 253 shares during the last quarter. Roberts Wealth Advisors LLC lifted its position in shares of DuPont de Nemours by 1.3% during the second quarter. Roberts Wealth Advisors LLC now owns 38,653 shares of the basic materials company's stock worth $2,651,000 after purchasing an additional 479 shares during the last quarter. Iowa State Bank lifted its position in shares of DuPont de Nemours by 1.1% during the second quarter. Iowa State Bank now owns 25,623 shares of the basic materials company's stock worth $1,757,000 after purchasing an additional 281 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of DuPont de Nemours by 9,614.8% during the second quarter. Valeo Financial Advisors LLC now owns 624,659 shares of the basic materials company's stock worth $42,845,000 after purchasing an additional 618,229 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DD. Citigroup lifted their target price on DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Wells Fargo & Company lifted 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. BMO Capital Markets decreased their target price on DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating for the company in a research report on Friday, September 19th. Mizuho lifted their target price 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. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of DuPont de Nemours in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, DuPont de Nemours presently has an average rating of "Moderate Buy" and a consensus price target of $88.33.

DuPont de Nemours Stock Performance

DD stock opened at $78.31 on Thursday. 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 business has a 50-day moving average price of $75.82 and a 200 day moving average price of $71.07. The company 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. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $87.80.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 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 negative net margin of 1.54% and a positive return on equity of 7.85%. The firm's revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the business's stock in a transaction dated 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 directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 74,208 shares of company stock valued at $5,714,861 in the last ninety days. 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.

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