OLD National Bancorp IN Boosts Stake in DuPont de Nemours, Inc. $DD

OLD National Bancorp IN grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 251.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,203 shares of the basic materials company’s stock after acquiring an additional 56,667 shares during the quarter. OLD National Bancorp IN’s holdings in DuPont de Nemours were worth $5,433,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DD. Franklin Street Advisors Inc. NC boosted its position in DuPont de Nemours by 5.0% during the second quarter. Franklin Street Advisors Inc. NC now owns 6,390 shares of the basic materials company’s stock valued at $438,000 after purchasing an additional 305 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in shares of DuPont de Nemours by 6.2% during the second quarter. Ameritas Advisory Services LLC now owns 4,043 shares of the basic materials company’s stock valued at $277,000 after buying an additional 235 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $202,000. Hilltop National Bank bought a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $1,266,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of DuPont de Nemours by 10.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 48,702 shares of the basic materials company’s stock worth $3,340,000 after buying an additional 4,648 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on DD shares. Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. KeyCorp increased their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Saturday, September 27th. Citigroup upped their target price on DuPont de Nemours from $85.00 to $93.00 in a research report on Friday, September 19th. Finally, UBS Group raised their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $88.33.

Insider Buying and Selling at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This trade represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 in the last quarter. 0.61% of the stock is owned by corporate insiders.

DuPont de Nemours Trading Down 1.4%

Shares of NYSE:DD opened at $79.82 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $88.21. The stock has a market cap of $33.42 billion, a price-to-earnings ratio of -169.84, a PEG ratio of 2.30 and a beta of 1.08. The business has a 50-day moving average price of $75.49 and a 200-day moving average price of $70.92.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. DuPont de Nemours’s revenue for the quarter 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. Equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current 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.