Spartan Planning & Wealth Management Buys Shares of 4,070 DuPont de Nemours, Inc. $DD

Key Points

• Spartan Planning & Wealth Management acquired 4,070 shares of DuPont de Nemours, Inc. for approximately $279,000 during the second quarter, highlighting growing institutional interest in the company.
• Analysts have raised price targets for DuPont, with Citigroup increasing its objective from $85.00 to $93.00, reflecting a consensus average target price of $88.33 for the stock.
• In recent insider trading, SVP Steven P. Larrabee sold 43,208 shares at an average price of $77.17, marking a significant reduction in his stake in the company.

Spartan Planning & Wealth Management bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,070 shares of the basic materials company's stock, valued at approximately $279,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JNBA Financial Advisors boosted its position in DuPont de Nemours by 132.5% during 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 in the last quarter. Valley National Advisers Inc. boosted its position in shares of 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 acquired a new stake in shares of DuPont de Nemours in the 1st quarter worth $35,000. Ransom Advisory Ltd acquired a new stake in shares of DuPont de Nemours in the 1st quarter worth $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of DuPont de Nemours by 1,770.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company's stock worth $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 analysts have recently weighed in on DD shares. Citigroup raised their price objective on DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. KeyCorp raised their price objective 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. UBS Group raised their price objective 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. BMO Capital Markets lowered their price objective 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. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $94.00 price target on shares of DuPont de Nemours in a research report on Friday, September 19th. Nine 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, DuPont de Nemours presently has an average rating of "Moderate Buy" and a consensus target price of $88.33.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction dated 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 in the company, valued at approximately $2,977,604.45. This trade represents a 52.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 74,208 shares of company stock worth $5,714,861. Company insiders own 0.61% of the company's stock.

DuPont de Nemours Stock Up 1.1%

Shares of DD stock opened at $77.03 on Tuesday. The stock's 50-day simple moving average is $75.25 and its 200-day simple moving average is $70.87. 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 firm has a market capitalization of $32.25 billion, a PE ratio of -163.89, a P/E/G ratio of 2.20 and a beta of 1.07. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $89.89.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company's revenue was up 2.7% on a year-over-year basis. During the same quarter last 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. Equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share 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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