Fifth Third Bancorp Lowers Stock Holdings in DuPont de Nemours, Inc. $DD

Fifth Third Bancorp cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,335 shares of the basic materials company’s stock after selling 3,009 shares during the quarter. Fifth Third Bancorp’s holdings in DuPont de Nemours were worth $3,521,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DD. Nuveen LLC purchased a new position in DuPont de Nemours during the 1st quarter worth $531,037,000. Assenagon Asset Management S.A. increased 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 valued at $147,929,000 after buying an additional 922,387 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of DuPont de Nemours by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after acquiring an additional 746,364 shares in the last quarter. Strs Ohio bought a new stake in shares of DuPont de Nemours in the first quarter valued at about $54,934,000. Finally, GAMMA Investing LLC lifted its stake in DuPont de Nemours by 7,327.1% in the first quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company’s stock worth $45,621,000 after acquiring an additional 602,657 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DD shares. Mizuho raised their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. KeyCorp lifted their price objective on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Citigroup boosted their price objective on shares of DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. UBS Group increased their target price on DuPont de Nemours from $87.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $94.00 price target on shares of DuPont de Nemours in a report on Friday, September 19th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $88.33.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president owned 38,585 shares in the company, valued at $2,977,604.45. This represents 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 have sold a total of 74,208 shares of company stock worth $5,714,861 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

DuPont de Nemours Price Performance

NYSE DD opened at $76.17 on Friday. The firm’s fifty day simple moving average is $75.23 and its two-hundred day simple moving average is $70.93. The firm has a market capitalization of $31.89 billion, a P/E ratio of -162.06, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter last year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

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.