Brookmont Capital Management Lowers Stake in DuPont de Nemours, Inc. $DD

Brookmont Capital Management cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 46,082 shares of the basic materials company’s stock after selling 750 shares during the period. DuPont de Nemours accounts for 1.8% of Brookmont Capital Management’s investment portfolio, making the stock its 18th largest holding. Brookmont Capital Management’s holdings in DuPont de Nemours were worth $3,161,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in DuPont de Nemours by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock worth $3,502,090,000 after purchasing an additional 298,408 shares during the last quarter. Nuveen LLC acquired a new position in DuPont de Nemours during the first quarter worth about $531,037,000. Price T Rowe Associates Inc. MD raised its position in DuPont de Nemours by 21.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after acquiring an additional 746,364 shares during the last quarter. Bank of New York Mellon Corp raised its position in DuPont de Nemours by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock worth $249,961,000 after acquiring an additional 37,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of DuPont de Nemours by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock worth $238,200,000 after buying an additional 83,147 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DD has been the subject of a number of recent research reports. BMO Capital Markets lowered their price target on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a report on Friday, September 19th. Mizuho lifted their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $94.00 price target on shares of DuPont de Nemours in a report on Friday, September 19th. Citigroup lifted their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Finally, Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and three have given 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 an average target price of $88.33.

DuPont de Nemours Price Performance

DD opened at $78.23 on Thursday. The company has a 50 day moving average of $75.29 and a two-hundred day moving average of $70.97. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $88.62. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The company has a market cap of $32.76 billion, a P/E ratio of -166.45, a P/E/G ratio of 2.25 and a beta of 1.09.

DuPont de Nemours (NYSE:DD) last announced 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. The business 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 business’s quarterly 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 earnings per share. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. On average, analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 74,208 shares of company stock valued at $5,714,861 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

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.