Waters Parkerson & CO. LLC Sells 23,835 Shares of DuPont de Nemours, Inc. $DD

Waters Parkerson & CO. LLC lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,517 shares of the basic materials company’s stock after selling 23,835 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in DuPont de Nemours were worth $8,220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DD. Obermeyer Wealth Partners boosted its position in DuPont de Nemours by 73.6% in the second quarter. Obermeyer Wealth Partners now owns 25,159 shares of the basic materials company’s stock worth $1,726,000 after purchasing an additional 10,663 shares during the last quarter. KLP Kapitalforvaltning AS lifted its stake in shares of DuPont de Nemours by 3.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 157,376 shares of the basic materials company’s stock worth $10,794,000 after purchasing an additional 5,200 shares during the period. Prospera Financial Services Inc boosted its holdings 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 buying an additional 15,144 shares during the last quarter. Drummond Knight Asset Management Pty Ltd grew its position in DuPont de Nemours by 107.9% during 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 buying an additional 365,619 shares during the period. Finally, KBC Group NV increased its holdings in DuPont de Nemours by 10.4% during the second quarter. KBC Group NV now owns 81,254 shares of the basic materials company’s stock valued at $5,573,000 after buying an additional 7,684 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DD has been the topic of several analyst reports. Zacks Research upgraded shares of DuPont de Nemours from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Morgan Stanley lowered their target price on DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. Wall Street Zen upgraded DuPont de Nemours to a “hold” rating in a research report on Saturday, January 10th. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wells Fargo & Company cut their price objective on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.76.

Insider Transactions at DuPont de Nemours

In other news, CEO Lori Koch sold 9,011 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.46, for a total transaction of $355,574.06. Following the sale, the chief executive officer directly owned 288,326 shares of the company’s stock, valued at $11,377,343.96. This represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Erik T. Hoover sold 6,005 shares of the stock in a transaction that occurred on 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 represents a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.61% of the stock is currently owned by insiders.

DuPont de Nemours Trading Down 1.2%

DD stock opened at $42.88 on Friday. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of -23.30, a PEG ratio of 3.22 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. DuPont de Nemours, Inc. has a 1-year low of $22.50 and a 1-year high of $44.17. The business has a 50 day simple moving average of $40.74 and a two-hundred day simple moving average of $35.19.

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

DuPont de Nemours Cuts Dividend

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

DuPont de Nemours announced that its board has authorized a stock buyback plan on Thursday, November 6th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 12.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

DuPont de Nemours 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.