Penobscot Investment Management Company Inc. Sells 768 Shares of DuPont de Nemours, Inc. $DD

Penobscot Investment Management Company Inc. lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 6.0% during the second quarter, HoldingsChannel.com reports. The fund owned 12,126 shares of the basic materials company’s stock after selling 768 shares during the period. Penobscot Investment Management Company Inc.’s holdings in DuPont de Nemours were worth $832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JNBA Financial Advisors boosted its stake in shares of DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. boosted its stake in shares of 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 valued at $31,000 after purchasing an additional 248 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of DuPont de Nemours during the first quarter valued at about $35,000. Ransom Advisory Ltd acquired a new stake in shares of DuPont de Nemours during the first quarter valued at about $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of DuPont de Nemours by 1,770.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 531 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

DD has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $94.00 price objective on shares of DuPont de Nemours in a research note on Friday, September 19th. Mizuho lifted their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. UBS Group lifted their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of DuPont de Nemours in a research note on Saturday, September 27th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.33.

Insider Activity at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president owned 38,585 shares in the company, valued at $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 in the last ninety days. Insiders own 0.61% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $79.82 on Friday. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $88.21. 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 business’s 50 day moving average price is $75.49 and its two-hundred day moving average price is $70.96. The firm has a market cap of $33.42 billion, a PE ratio of -169.84, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) 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 firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The company’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. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

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.