Meyer Handelman Co. Reduces Holdings in DuPont de Nemours, Inc. $DD

Meyer Handelman Co. cut its position in DuPont de Nemours, Inc. (NYSE:DD) by 10.3% in the second quarter, Holdings Channel reports. The firm owned 85,779 shares of the basic materials company’s stock after selling 9,836 shares during the period. Meyer Handelman Co.’s holdings in DuPont de Nemours were worth $5,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of DD. Ritholtz Wealth Management boosted its stake in DuPont de Nemours by 48.8% during the 1st quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company’s stock worth $333,000 after purchasing an additional 1,464 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of DuPont de Nemours by 334.4% during the first quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company’s stock worth $19,122,000 after buying an additional 197,115 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in DuPont de Nemours by 6.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company’s stock valued at $6,003,000 after acquiring an additional 4,995 shares during the period. Oppenheimer & Co. Inc. raised its stake in DuPont de Nemours by 11.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company’s stock valued at $4,069,000 after acquiring an additional 5,751 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its position in DuPont de Nemours by 37.4% during the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company’s stock worth $1,787,000 after acquiring an additional 6,509 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 1.6%

Shares of DuPont de Nemours stock opened at $74.56 on Friday. The company has a 50-day moving average of $75.22 and a two-hundred day moving average of $70.93. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The stock has a market cap of $31.22 billion, a PE ratio of -158.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07.

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, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $3.26 billion for 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%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 EPS. 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, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction 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 transaction, the senior vice president owned 38,585 shares of the company’s stock, valued at $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 74,208 shares of company stock valued at $5,714,861 in the last three months. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of a number of recent research reports. KeyCorp boosted their target price on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday. BMO Capital Markets dropped their price objective on shares of 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. UBS Group raised their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $94.00 target price on shares of DuPont de Nemours in a report on Friday, September 19th. Finally, Citigroup increased their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Nine research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.33.

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.