Wealth Enhancement Advisory Services LLC Increases Stake in DuPont de Nemours, Inc. $DD

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in DuPont de Nemours by 18.2%, owning 131,891 shares valued at approximately $9.7 million.
• DuPont de Nemours recently reported strong earnings, with an EPS of $1.12, exceeding estimates and reflecting a 2.7% increase in revenue compared to the previous year.
• Several brokerages have raised their price targets for DuPont, with Mizuho and Wells Fargo increasing theirs to $85 and $90, respectively, indicating strong investor interest in the stock.

Wealth Enhancement Advisory Services LLC grew its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 18.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 131,891 shares of the basic materials company's stock after buying an additional 20,351 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in DuPont de Nemours were worth $9,723,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. purchased a new stake in DuPont de Nemours during the fourth quarter worth approximately $28,000. JNBA Financial Advisors lifted its stake in DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after purchasing an additional 216 shares during the last quarter. Valley National Advisers Inc. lifted its stake in DuPont de Nemours by 145.0% during the first 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 during the last quarter. WPG Advisers LLC purchased a new stake in DuPont de Nemours during the first quarter worth approximately $35,000. Finally, Ransom Advisory Ltd purchased a new stake in DuPont de Nemours during the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Insiders Place Their Bets

In related news, SVP Steven P. Larrabee sold 43,208 shares of the 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 transaction, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 74,208 shares of company stock worth $5,714,861 in the last quarter. Corporate insiders own 0.61% of the company's stock.

DuPont de Nemours Stock Up 0.3%

DuPont de Nemours stock opened at $78.33 on Tuesday. 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 $32.80 billion, a price-to-earnings ratio of -166.66, a price-to-earnings-growth ratio of 1.95 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 $90.06. The stock's fifty day moving average is $75.11 and its two-hundred day moving average is $70.87.

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 for the quarter, beating the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the company earned $0.97 earnings per share. DuPont de Nemours's revenue was up 2.7% compared to the same quarter last year. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.41 per share. The ex-dividend date was Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.1%. DuPont de Nemours's dividend payout ratio is -348.94%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DD. Mizuho boosted their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Citigroup boosted their price objective on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $94.00 price objective on shares of DuPont de Nemours in a research note on Friday. Finally, BMO Capital Markets reduced their price objective on DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating for the company in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.33.

DuPont de Nemours 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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