Birmingham Capital Management Co. Inc. AL Acquires Shares of 3,643 DuPont de Nemours, Inc. $DD

Birmingham Capital Management Co. Inc. AL bought a new position in DuPont de Nemours, Inc. (NYSE:DD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,643 shares of the basic materials company’s stock, valued at approximately $494,000.

Several other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in DuPont de Nemours by 1.2% in the 4th quarter. State Street Corp now owns 18,412,070 shares of the basic materials company’s stock worth $740,165,000 after purchasing an additional 215,928 shares during the period. Auto Owners Insurance Co lifted its holdings in shares of DuPont de Nemours by 4,275.8% in the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company’s stock valued at $70,561,000 after purchasing an additional 17,151,278 shares in the last quarter. Invesco Ltd. boosted its position in shares of DuPont de Nemours by 64.4% in the fourth quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company’s stock worth $583,487,000 after buying an additional 5,686,490 shares during the period. Geode Capital Management LLC grew its holdings in shares of DuPont de Nemours by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 11,019,892 shares of the basic materials company’s stock valued at $441,285,000 after buying an additional 74,355 shares in the last quarter. Finally, Nuveen LLC grew its holdings in shares of DuPont de Nemours by 18.9% during the fourth quarter. Nuveen LLC now owns 10,662,674 shares of the basic materials company’s stock valued at $428,639,000 after buying an additional 1,695,097 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 1.5%

NYSE:DD opened at $138.12 on Thursday. The company has a market capitalization of $18.65 billion, a P/E ratio of 306.99, a P/E/G ratio of 1.24 and a beta of 1.06. The stock’s 50 day moving average price is $139.27 and its 200 day moving average price is $141.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43. DuPont de Nemours, Inc. has a 52 week low of $92.49 and a 52 week high of $157.98.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company earned $1.12 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, research analysts forecast that DuPont de Nemours, Inc. will post 7.27 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.60 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. DuPont de Nemours’s dividend payout ratio is currently 533.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DD shares. Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $174.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, August 3rd. BMO Capital Markets upped their price objective on shares of DuPont de Nemours from $75.30 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Citigroup lifted their target price on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, The Goldman Sachs Group upped their price target on shares of DuPont de Nemours from $53.00 to $159.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $166.60.

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.