Salem Investment Counselors Inc. Acquires 8,080 Shares of DuPont de Nemours, Inc. $DD

Salem Investment Counselors Inc. raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 272.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,042 shares of the basic materials company’s stock after buying an additional 8,080 shares during the quarter. Salem Investment Counselors Inc.’s holdings in DuPont de Nemours were worth $1,434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp increased its holdings in shares of DuPont de Nemours by 140.3% in the 2nd quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock worth $6,095,909,000 after buying an additional 26,238,300 shares during the last quarter. Auto Owners Insurance Co raised its position in shares of DuPont de Nemours by 4,275.8% during the 4th quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company’s stock valued at $70,561,000 after buying an additional 17,151,278 shares in the last quarter. Fred Alger Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $96,068,000. Pacer Advisors Inc. lifted its holdings in shares of DuPont de Nemours by 3,951.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,818,000 shares of the basic materials company’s stock valued at $73,084,000 after acquiring an additional 1,773,124 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of DuPont de Nemours by 435.8% in the 1st quarter. KBC Group NV now owns 1,687,376 shares of the basic materials company’s stock valued at $77,281,000 after acquiring an additional 1,372,435 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 0.9%

DD stock opened at $128.41 on Thursday. 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, Inc. has a twelve month low of $97.34 and a twelve month high of $157.98. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 285.42, a price-to-earnings-growth ratio of 1.18 and a beta of 1.05. The firm’s fifty day simple moving average is $133.78 and its two-hundred day simple moving average is $138.29.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.12. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 7.26 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. DuPont de Nemours’s payout ratio is currently 533.33%.

Wall Street Analyst Weigh In

Several research analysts recently commented on DD shares. Barclays assumed coverage on DuPont de Nemours in a research report on Tuesday. They issued an “overweight” rating and a $156.00 price target for the company. Royal Bank Of Canada decreased their price objective on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. The Goldman Sachs Group lowered their price objective on DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Citigroup lowered their price objective on DuPont de Nemours from $170.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Finally, JPMorgan Chase & Co. cut DuPont de Nemours from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $172.00 to $145.00 in a report on Friday, October 9th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.

DuPont’s portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.