QRG Capital Management Inc. Sells 6,755 Shares of DuPont de Nemours, Inc. $DD

QRG Capital Management Inc. trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 7.8% in the second quarter, Holdings Channel reports. The firm owned 80,177 shares of the basic materials company’s stock after selling 6,755 shares during the quarter. QRG Capital Management Inc.’s holdings in DuPont de Nemours were worth $5,499,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DD. JNBA Financial Advisors grew its stake in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. boosted its stake in shares of DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 248 shares during the period. WPG Advisers LLC bought a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $35,000. Ransom Advisory Ltd bought a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $40,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of DuPont de Nemours by 1,770.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 531 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DD shares. Wells Fargo & Company lifted their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. BMO Capital Markets reduced their target price on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating for the company in a research note on Friday, September 19th. KeyCorp lifted their target price on DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $94.00 price target on shares of DuPont de Nemours in a report on Friday, September 19th. Finally, UBS Group lifted 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 equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.33.

DuPont de Nemours Stock Performance

NYSE:DD opened at $79.82 on Monday. The stock has a market cap of $33.42 billion, a P/E ratio of -169.84, a PEG ratio of 2.30 and a beta of 1.08. The stock has a 50 day simple moving average of $75.49 and a 200 day simple moving average of $70.92. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $88.21.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 EPS. 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 anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Insiders Place Their Bets

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction on Monday, September 15th. The stock was sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the transaction, the senior vice president directly owned 38,585 shares of the company’s stock, valued at $2,977,604.45. The trade was a 52.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is owned by insiders.

DuPont de Nemours Company Profile

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.