OLD National Bancorp IN Buys 56,667 Shares of DuPont de Nemours, Inc. $DD

OLD National Bancorp IN lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 251.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,203 shares of the basic materials company’s stock after purchasing an additional 56,667 shares during the quarter. OLD National Bancorp IN’s holdings in DuPont de Nemours were worth $5,433,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. JNBA Financial Advisors raised its holdings in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 216 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of DuPont de Nemours by 145.0% in 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 bought a new stake in DuPont de Nemours in the first quarter worth $35,000. Ransom Advisory Ltd purchased a new stake in DuPont de Nemours during the first quarter valued at $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 1.4%

Shares of NYSE DD opened at $79.82 on Monday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $88.21. The company has a market cap of $33.42 billion, a price-to-earnings ratio of -169.84, a PEG ratio of 2.30 and a beta of 1.08. The business’s 50 day moving average price is $75.49 and its 200-day moving average price is $70.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.DuPont de Nemours’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business 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, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DD shares. Mizuho boosted their target price 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. BMO Capital Markets reduced their price objective on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a research note on Friday, September 19th. KeyCorp raised their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. UBS Group lifted their target price on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of DuPont de Nemours in a report 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.33.

Insider Activity at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the sale, the senior vice president directly 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 the SEC website. Insiders sold a total of 74,208 shares of company stock worth $5,714,861 in the last 90 days. Company insiders own 0.61% of the company’s stock.

DuPont de Nemours Company 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.