Logan Capital Management Inc. Sells 298 Shares of DuPont de Nemours, Inc. $DD

Logan Capital Management Inc. decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,054 shares of the basic materials company’s stock after selling 298 shares during the period. Logan Capital Management Inc.’s holdings in DuPont de Nemours were worth $3,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Vermillion Wealth Management Inc. bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $28,000. JNBA Financial Advisors lifted its position in shares of DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 216 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 248 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of DuPont de Nemours during the first quarter worth $35,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $36,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD stock opened at $76.76 on Wednesday. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The stock’s 50-day moving average is $74.57 and its 200 day moving average is $71.09. The company has a market cap of $32.14 billion, a P/E ratio of -163.31, a PEG ratio of 1.94 and a beta of 1.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share 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 company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently -348.94%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DD. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Wells Fargo & Company increased their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Mizuho increased their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Royal Bank Of Canada increased their price target on DuPont de Nemours from $93.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Citigroup increased their price target on DuPont de Nemours from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.25.

Insiders Place Their Bets

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $78.00, for a total value of $468,000.00. Following the completion of the sale, the senior vice president owned 42,585 shares of the company’s stock, valued at approximately $3,321,630. This trade represents a 12.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

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.