Plimoth Trust Co. LLC Sells 4,635 Shares of DuPont de Nemours, Inc. $DD

Plimoth Trust Co. LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 67.3% during the second quarter, Holdings Channel.com reports. The firm owned 2,250 shares of the basic materials company’s stock after selling 4,635 shares during the quarter. Plimoth Trust Co. LLC’s holdings in DuPont de Nemours were worth $305,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake in DuPont de Nemours by 7,560.9% in the 2nd quarter. California State Teachers Retirement System now owns 38,660,655 shares of the basic materials company’s stock valued at $5,243,931,000 after buying an additional 38,156,004 shares during the last quarter. State Street Corp grew its holdings in shares of DuPont de Nemours by 1.2% in the 4th quarter. State Street Corp now owns 18,412,070 shares of the basic materials company’s stock valued at $740,165,000 after acquiring an additional 215,928 shares in the last quarter. Auto Owners Insurance Co increased its position in shares of DuPont de Nemours by 4,275.8% in the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company’s stock valued at $70,561,000 after acquiring an additional 17,151,278 shares during the last quarter. Invesco Ltd. raised its holdings in DuPont de Nemours by 64.4% during the fourth quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company’s stock worth $583,487,000 after acquiring an additional 5,686,490 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in DuPont de Nemours by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 11,019,892 shares of the basic materials company’s stock worth $441,285,000 after acquiring an additional 74,355 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Zacks Research downgraded DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada dropped their price objective on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. UBS Group increased their price objective on DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Citigroup raised their target price on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $171.00 to $172.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Twelve investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $166.60.

DuPont de Nemours Stock Performance

DD opened at $127.94 on Thursday. DuPont de Nemours, Inc. has a 12-month low of $92.49 and a 12-month high of $157.98. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 284.36, a PEG ratio of 1.20 and a beta of 1.06. The business has a 50 day moving average of $138.05 and a 200-day moving average of $140.18. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.12. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%.The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm earned $1.12 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. DuPont de Nemours’s payout ratio is presently 533.33%.

About DuPont de Nemours

DuPont de Nemours, Inc is a global materials science company headquartered in Wilmington, Delaware. The company develops engineered materials and specialty products used in electronics, transportation, construction, healthcare, water treatment, and industrial applications.

Its offerings include semiconductor and advanced packaging materials, engineering polymers, specialty resins, water purification and separation technologies, and protective materials and solutions. DuPont’s products are sold to manufacturers, industrial customers, and other businesses across North America, Europe, Asia-Pacific, and other international markets.

The company was formed in 2019 following the separation of DowDuPont into independent companies, including DuPont, Dow, and Corteva.