Sumitomo Mitsui Trust Group Inc. Boosts Stake in DuPont de Nemours, Inc. $DD

Sumitomo Mitsui Trust Group Inc. boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 968,779 shares of the basic materials company’s stock after acquiring an additional 18,700 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of DuPont de Nemours worth $75,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. First Horizon Corp purchased a new position in DuPont de Nemours in the 3rd quarter worth approximately $188,000. MGO One Seven LLC grew its position in DuPont de Nemours by 4.7% in the third quarter. MGO One Seven LLC now owns 9,922 shares of the basic materials company’s stock worth $773,000 after acquiring an additional 449 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in DuPont de Nemours by 25.3% in the third quarter. Citizens Financial Group Inc. RI now owns 12,083 shares of the basic materials company’s stock valued at $941,000 after acquiring an additional 2,441 shares during the last quarter. Forum Financial Management LP raised its position in DuPont de Nemours by 2.2% during the third quarter. Forum Financial Management LP now owns 8,026 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 176 shares in the last quarter. Finally, Legacy Trust lifted its stake in DuPont de Nemours by 0.9% during the third quarter. Legacy Trust now owns 47,797 shares of the basic materials company’s stock worth $3,723,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 2.2%

Shares of NYSE:DD opened at $42.84 on Thursday. DuPont de Nemours, Inc. has a 1 year low of $22.50 and a 1 year high of $44.17. The company has a market cap of $17.95 billion, a PE ratio of -23.28, a P/E/G ratio of 3.25 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63. The stock’s 50-day moving average is $40.59 and its 200 day moving average is $35.03.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.05. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.12 billion. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. DuPont de Nemours has set its Q4 2025 guidance at 0.430-0.430 EPS. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.20 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. DuPont de Nemours’s dividend payout ratio is -43.48%.

DuPont de Nemours announced that its board has authorized a share repurchase plan on Thursday, November 6th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the basic materials company to purchase up to 12.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada decreased their price objective on DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday, December 22nd. Wolfe Research reduced their price objective on DuPont de Nemours from $87.00 to $39.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Mizuho increased their target price on DuPont de Nemours from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. decreased their price target on DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.61.

Insider Transactions at DuPont de Nemours

In related news, SVP Erik T. Hoover sold 6,005 shares of the 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 completion of the transaction, the senior vice president directly owned 112,101 shares in the company, valued at $4,460,498.79. This trade represents a 5.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lori Koch sold 9,011 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.46, for a total transaction of $355,574.06. Following the sale, the chief executive officer directly owned 288,326 shares in the company, valued at $11,377,343.96. The trade was a 3.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.61% of the stock is owned by corporate insiders.

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.