Convergence Investment Partners LLC Acquires New Position in DuPont de Nemours, Inc. $DD

Convergence Investment Partners LLC bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,235 shares of the basic materials company’s stock, valued at approximately $1,031,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Obermeyer Wealth Partners raised its position in shares of DuPont de Nemours by 73.6% in the second quarter. Obermeyer Wealth Partners now owns 25,159 shares of the basic materials company’s stock valued at $1,726,000 after buying an additional 10,663 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in DuPont de Nemours by 3.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 157,376 shares of the basic materials company’s stock valued at $10,794,000 after acquiring an additional 5,200 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of DuPont de Nemours by 19.1% during the 2nd quarter. Prospera Financial Services Inc now owns 94,434 shares of the basic materials company’s stock worth $6,477,000 after purchasing an additional 15,144 shares during the period. Drummond Knight Asset Management Pty Ltd boosted its holdings in shares of DuPont de Nemours by 107.9% during the second quarter. Drummond Knight Asset Management Pty Ltd now owns 704,489 shares of the basic materials company’s stock worth $48,321,000 after purchasing an additional 365,619 shares during the last quarter. Finally, KBC Group NV grew its position in shares of DuPont de Nemours by 10.4% in the second quarter. KBC Group NV now owns 81,254 shares of the basic materials company’s stock valued at $5,573,000 after purchasing an additional 7,684 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DD has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Citigroup raised their target price on shares of DuPont de Nemours from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Wall Street Zen raised shares of DuPont de Nemours to a “hold” rating in a research report on Saturday, January 10th. Royal Bank Of Canada lifted their price target on shares of DuPont de Nemours from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, UBS Group upped their price objective on DuPont de Nemours from $46.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.99.

Insider Activity at DuPont de Nemours

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

DuPont de Nemours Stock Performance

NYSE:DD opened at $44.42 on Tuesday. The firm’s fifty day simple moving average is $41.77 and its 200 day simple moving average is $36.25. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a twelve month low of $22.50 and a twelve month high of $45.07. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of -24.14, a PEG ratio of 3.26 and a beta of 1.08.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data 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 positive return on equity of 7.81% and a negative net margin of 6.17%.The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. DuPont de Nemours has set its Q4 2025 guidance at 0.430-0.430 EPS. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, November 28th. DuPont de Nemours’s dividend payout ratio is currently -43.48%.

DuPont de Nemours declared that its board has approved a stock buyback program on Thursday, November 6th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 12.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is 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.