DuPont de Nemours, Inc. $DD Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 60.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,206,515 shares of the basic materials company’s stock after selling 4,832,984 shares during the period. Massachusetts Financial Services Co. MA’s holdings in DuPont de Nemours were worth $249,788,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in DuPont de Nemours by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 47,664,223 shares of the basic materials company’s stock worth $3,269,289,000 after buying an additional 769,600 shares during the last quarter. State Street Corp increased its holdings in shares of DuPont de Nemours by 4.8% in the 2nd quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock valued at $1,259,585,000 after acquiring an additional 842,852 shares during the last quarter. Geode Capital Management LLC raised its position in shares of DuPont de Nemours by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 10,782,760 shares of the basic materials company’s stock valued at $736,487,000 after acquiring an additional 496,691 shares in the last quarter. Norges Bank bought a new position in DuPont de Nemours during the second quarter worth $313,306,000. Finally, Boston Partners boosted its holdings in DuPont de Nemours by 36.6% in the second quarter. Boston Partners now owns 3,483,001 shares of the basic materials company’s stock worth $238,924,000 after purchasing an additional 932,575 shares during the period. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, December 22nd. Wolfe Research boosted their price objective on shares of DuPont de Nemours from $44.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Research upgraded DuPont de Nemours from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Mizuho upped their target price on DuPont de Nemours from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $45.53.

Insiders Place Their Bets

In related news, CEO Lori Koch sold 9,011 shares of DuPont de Nemours stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.46, for a total transaction of $355,574.06. Following the sale, the chief executive officer directly owned 288,326 shares in the company, valued at $11,377,343.96. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Erik T. Hoover sold 6,005 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.79, for a total transaction of $238,938.95. Following the completion of the sale, the senior vice president directly owned 112,101 shares of the company’s stock, valued at $4,460,498.79. The trade was a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.61% of the company’s stock.

DuPont de Nemours Trading Down 1.2%

DuPont de Nemours stock opened at $42.88 on Tuesday. DuPont de Nemours, Inc. has a 52-week low of $22.50 and a 52-week high of $44.17. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of -23.30, a PEG ratio of 3.18 and a beta of 1.08. The firm has a 50-day moving average price of $40.79 and a two-hundred day moving average price of $35.35.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.04 by $0.05. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.12 billion. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. DuPont de Nemours’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 earnings per share. DuPont de Nemours has set its Q4 2025 guidance at 0.430-0.430 EPS. Sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.80 annualized dividend and a yield of 1.9%. DuPont de Nemours’s payout ratio is presently -43.48%.

DuPont de Nemours announced that its board has approved a share repurchase program on Thursday, November 6th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

DuPont de Nemours Company Profile

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.