Glenview Trust co Trims Stock Holdings in DuPont de Nemours, Inc. $DD

Glenview Trust co lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 5.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,554 shares of the basic materials company’s stock after selling 490 shares during the period. Glenview Trust co’s holdings in DuPont de Nemours were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DD. Nuveen LLC purchased a new position in DuPont de Nemours in the first quarter valued at about $531,037,000. Assenagon Asset Management S.A. lifted its holdings in DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company’s stock worth $147,929,000 after buying an additional 922,387 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in DuPont de Nemours by 21.9% during the 1st 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 buying an additional 746,364 shares during the last quarter. GAMMA Investing LLC lifted its holdings in DuPont de Nemours by 7,327.1% during the 1st quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company’s stock worth $45,621,000 after buying an additional 602,657 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in DuPont de Nemours by 18.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,746,267 shares of the basic materials company’s stock worth $209,403,000 after buying an additional 433,668 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

In related news, SVP Steven P. Larrabee sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $78.00, for a total value of $468,000.00. Following the sale, the senior vice president directly owned 42,585 shares in the company, valued at $3,321,630. This trade represents a 12.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

DuPont de Nemours Stock Up 2.5%

DD opened at $78.02 on Friday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The stock has a market cap of $32.67 billion, a P/E ratio of -165.99, a P/E/G ratio of 1.89 and a beta of 1.07. The stock’s 50 day moving average price is $74.71 and its 200 day moving average price is $71.10.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 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 analysts’ expectations of $3.23 billion. During the same period last year, the firm earned $0.97 EPS. The firm’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. As a group, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently -348.94%.

Analyst Ratings Changes

A number of research firms have commented on DD. Citigroup increased their target price on DuPont de Nemours from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. UBS Group increased 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. Wells Fargo & Company increased their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Mizuho raised their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada raised their price target on DuPont de Nemours from $93.00 to $94.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.25.

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.