Valeo Financial Advisors LLC Buys 618,229 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Valeo Financial Advisors LLC significantly increased its stake in DuPont de Nemours, acquiring 618,229 shares, resulting in a total ownership of 624,659 shares valued at approximately $42.8 million.
• Several institutional investors, including Davenport & Co LLC and OLD National Bancorp IN, also boosted their positions in DuPont during the same quarter, indicating strong institutional interest.
• DuPont's stock currently holds a consensus rating of "Moderate Buy" with a target price averaging $88.33, following upgrades from multiple analysts, including Citigroup and Wells Fargo.

Valeo Financial Advisors LLC raised its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 9,614.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 624,659 shares of the basic materials company's stock after purchasing an additional 618,229 shares during the period. Valeo Financial Advisors LLC owned 0.15% of DuPont de Nemours worth $42,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. DAVENPORT & Co LLC raised its position in shares of DuPont de Nemours by 1.9% during the second quarter. DAVENPORT & Co LLC now owns 9,414 shares of the basic materials company's stock worth $646,000 after purchasing an additional 172 shares during the period. Simplicity Wealth LLC increased its stake in DuPont de Nemours by 195.2% during the 2nd quarter. Simplicity Wealth LLC now owns 9,884 shares of the basic materials company's stock valued at $678,000 after purchasing an additional 6,536 shares in the last quarter. OLD National Bancorp IN increased its stake in DuPont de Nemours by 251.5% during the 2nd quarter. OLD National Bancorp IN now owns 79,203 shares of the basic materials company's stock valued at $5,433,000 after purchasing an additional 56,667 shares in the last quarter. Franklin Street Advisors Inc. NC raised its holdings in DuPont de Nemours by 5.0% during the second quarter. Franklin Street Advisors Inc. NC now owns 6,390 shares of the basic materials company's stock worth $438,000 after buying an additional 305 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in shares of DuPont de Nemours by 6.2% in the second quarter. Ameritas Advisory Services LLC now owns 4,043 shares of the basic materials company's stock valued at $277,000 after buying an additional 235 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company'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 transaction, the senior vice president owned 38,585 shares of the company's stock, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 74,208 shares of company stock valued at $5,714,861 in the last 90 days. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $94.00 target price on shares of DuPont de Nemours in a report on Friday, September 19th. Citigroup raised their target price on DuPont de Nemours from $85.00 to $93.00 in a 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 company an "overweight" rating in a research report on Monday, July 14th. Weiss Ratings reissued a "hold (c-)" rating on shares of DuPont de Nemours in a research report on Saturday, September 27th. Finally, UBS Group raised their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and a consensus target price of $88.33.

DuPont de Nemours Stock Performance

Shares of DD stock 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 firm has a market cap of $33.42 billion, a price-to-earnings ratio of -169.84, a P/E/G 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 firm's 50-day simple moving average is $75.49 and its two-hundred day simple moving average is $70.92.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results 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 firm 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 company's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

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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