Meridian Investment Counsel Inc. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 147.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,929 shares of the basic materials company’s stock after buying an additional 4,728 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of DuPont de Nemours by 140.3% in the 2nd quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock valued at $6,095,909,000 after acquiring an additional 26,238,300 shares during the period. Bank of America Corp DE increased its stake in shares of DuPont de Nemours by 22.0% during the 1st quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company’s stock worth $212,039,000 after purchasing an additional 835,572 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of DuPont de Nemours by 10.0% in the 1st quarter. Bank of New York Mellon Corp now owns 3,706,596 shares of the basic materials company’s stock valued at $169,762,000 after purchasing an additional 336,780 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of DuPont de Nemours by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,831 shares of the basic materials company’s stock valued at $160,688,000 after purchasing an additional 163,210 shares during the period. Finally, Amundi lifted its stake in DuPont de Nemours by 31.3% in the 1st quarter. Amundi now owns 2,478,630 shares of the basic materials company’s stock valued at $113,526,000 after purchasing an additional 591,011 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on DD shares. JPMorgan Chase & Co. cut DuPont de Nemours from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $172.00 to $145.00 in a report on Friday, October 9th. Citigroup dropped their price objective on DuPont de Nemours from $170.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Barclays initiated coverage on DuPont de Nemours in a research note on Tuesday. They issued an “overweight” rating and a $156.00 price objective on the stock. Royal Bank Of Canada cut their price objective on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Finally, Zacks Research downgraded DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $163.00.
DuPont de Nemours Stock Performance
Shares of DD stock opened at $128.41 on Thursday. DuPont de Nemours, Inc. has a 52 week low of $97.34 and a 52 week high of $157.98. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 285.42, a PEG ratio of 1.18 and a beta of 1.05. The company has a 50-day simple moving average of $133.78 and a 200 day simple moving average of $138.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43.
DuPont de Nemours (NYSE:DD – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.12. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 7.26 earnings per share for the current year.
DuPont de Nemours Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. DuPont de Nemours’s dividend payout ratio is presently 533.33%.
About DuPont de Nemours
DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.
DuPont’s portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.
Further Reading
- Five stocks we like better than DuPont de Nemours
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DD – Free Report).
Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.
