Vanguard Group Inc. grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 6.7% during the third quarter, HoldingsChannel.com reports. The firm owned 50,867,267 shares of the basic materials company’s stock after purchasing an additional 3,203,044 shares during the period. Vanguard Group Inc. owned approximately 0.12% of DuPont de Nemours worth $3,962,560,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Obermeyer Wealth Partners boosted its position in DuPont de Nemours by 73.6% during the 2nd quarter. Obermeyer Wealth Partners now owns 25,159 shares of the basic materials company’s stock worth $1,726,000 after buying an additional 10,663 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of DuPont de Nemours by 39.2% during the third quarter. Oppenheimer & Co. Inc. now owns 104,565 shares of the basic materials company’s stock worth $8,146,000 after purchasing an additional 29,473 shares during the period. Prospera Financial Services Inc grew its stake in shares of DuPont de Nemours by 19.1% in the second quarter. Prospera Financial Services Inc now owns 94,434 shares of the basic materials company’s stock worth $6,477,000 after purchasing an additional 15,144 shares during the last quarter. Drummond Knight Asset Management Pty Ltd increased its holdings in DuPont de Nemours by 107.9% in the second quarter. Drummond Knight Asset Management Pty Ltd now owns 704,489 shares of the basic materials company’s stock valued at $48,321,000 after purchasing an additional 365,619 shares during the period. Finally, Bank of New York Mellon Corp raised its position in DuPont de Nemours by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,169,908 shares of the basic materials company’s stock worth $246,936,000 after purchasing an additional 29,543 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.
Insider Transactions at DuPont de Nemours
In related news, CEO Lori Koch sold 9,011 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.46, for a total value of $355,574.06. Following the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Erik T. Hoover sold 6,005 shares of DuPont de Nemours stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.79, for a total value of $238,938.95. Following the transaction, the senior vice president owned 112,101 shares of the company’s stock, valued at $4,460,498.79. This trade represents a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.61% of the stock is owned by company insiders.
DuPont de Nemours Trading Up 1.2%
DuPont de Nemours (NYSE:DD – Get Free Report) last issued its earnings results on Tuesday, February 10th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. DuPont de Nemours had a positive return on equity of 7.37% and a negative net margin of 7.03%.The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the business earned $1.13 EPS. DuPont de Nemours’s quarterly revenue was up .2% compared to the same quarter last year. DuPont de Nemours has set its FY 2026 guidance at 2.250-2.300 EPS and its Q1 2026 guidance at 0.480-0.480 EPS. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.
DuPont de Nemours declared that its board has initiated a share buyback program on Thursday, November 6th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 12.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
DD has been the topic of a number of analyst reports. Citigroup upped their price target on DuPont de Nemours from $50.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen raised DuPont de Nemours to a “hold” rating in a research note on Saturday, January 10th. Wolfe Research upped their target price on DuPont de Nemours from $49.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, December 22nd. Finally, BMO Capital Markets boosted their price target on shares of DuPont de Nemours from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.06.
View Our Latest Stock Analysis on DuPont de Nemours
About DuPont de Nemours
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.
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