Millington Financial Advisors LLC bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,931 shares of the basic materials company’s stock, valued at approximately $2,197,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Blue Trust Inc. boosted its stake in shares of DuPont de Nemours by 1.1% in the third quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock worth $934,000 after buying an additional 127 shares during the last quarter. Pacifica Partners Inc. lifted its holdings in DuPont de Nemours by 27.0% in the third quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 128 shares during the period. AdvisorNet Financial Inc boosted its position in DuPont de Nemours by 3.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock worth $318,000 after purchasing an additional 134 shares in the last quarter. Sagespring Wealth Partners LLC grew its stake in shares of DuPont de Nemours by 3.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock worth $256,000 after purchasing an additional 140 shares during the period. Finally, Princeton Global Asset Management LLC increased its holdings in shares of DuPont de Nemours by 64.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
Insider Activity at DuPont de Nemours
In related news, SVP Erik T. Hoover sold 6,005 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.79, for a total value of $238,938.95. Following the transaction, the senior vice president directly owned 112,101 shares in the company, valued at approximately $4,460,498.79. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lori Koch sold 9,011 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $39.46, for a total value of $355,574.06. Following the sale, the chief executive officer directly owned 288,326 shares of the company’s stock, valued at approximately $11,377,343.96. This trade represents a 3.03% decrease in their position. The SEC filing for this sale provides additional information. 0.61% of the stock is currently owned by insiders.
DuPont de Nemours Price Performance
DuPont de Nemours (NYSE:DD – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. DuPont de Nemours has set its Q4 2025 guidance at 0.430-0.430 EPS. Equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.
DuPont de Nemours announced that its Board of Directors has authorized a share buyback plan on Thursday, November 6th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to purchase up to 12.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
DuPont de Nemours Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. DuPont de Nemours’s dividend payout ratio (DPR) is currently -43.48%.
Wall Street Analyst Weigh In
DD has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. UBS Group increased their target price on shares of DuPont de Nemours from $46.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Wolfe Research upped their price target on DuPont de Nemours from $44.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Wells Fargo & Company dropped their price objective on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, December 22nd. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.99.
View Our Latest Research Report on DD
DuPont de Nemours Company Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
Further Reading
- Five stocks we like better than DuPont de Nemours
- Wall Street Alert: Buy AES
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- New gold price target
- Trump Did WHAT??
- Melt-up warning
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DD – Free Report).
Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.
