DuPont de Nemours, Inc. $DD Shares Sold by Addenda Capital Inc.

Addenda Capital Inc. lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 90,077 shares of the basic materials company’s stock after selling 538 shares during the period. Addenda Capital Inc.’s holdings in DuPont de Nemours were worth $6,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in DD. Nuveen LLC acquired a new stake in shares of DuPont de Nemours during the first quarter worth about $531,037,000. Assenagon Asset Management S.A. boosted its stake in shares of DuPont de Nemours by 87.1% during the first 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 period. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 buying an additional 746,364 shares during the period. Strs Ohio acquired a new stake in shares of DuPont de Nemours during the first quarter worth about $54,934,000. Finally, GAMMA Investing LLC boosted its stake in shares of DuPont de Nemours by 7,327.1% during the first 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 period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD opened at $76.17 on Friday. The firm has a market cap of $31.89 billion, a price-to-earnings ratio of -162.06, a price-to-earnings-growth ratio of 2.20 and a beta of 1.07. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company’s 50-day moving average price is $75.23 and its 200 day moving average price is $70.90. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last announced its quarterly 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 negative net margin of 1.54% and a positive return on equity of 7.85%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the business earned $0.97 earnings per share. DuPont de Nemours’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, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on DD shares. UBS Group increased their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $94.00 price objective on shares of DuPont de Nemours in a research note on Friday, September 19th. BMO Capital Markets lowered their target price on shares of DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. KeyCorp lifted their target price on shares of DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Finally, Mizuho boosted their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction that occurred 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 $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 74,208 shares of company stock valued at $5,714,861 in the last ninety 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.