Birmingham Capital Management Co. Inc. AL Acquires New Holdings in 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, HoldingsChannel reports. The institutional investor bought 3,643 shares of the basic materials company’s stock, valued at approximately $494,000.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of DuPont de Nemours by 1.2% in the fourth quarter. State Street Corp now owns 18,412,070 shares of the basic materials company’s stock valued at $740,165,000 after purchasing an additional 215,928 shares during the period. Auto Owners Insurance Co lifted its stake 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 worth $70,561,000 after buying an additional 17,151,278 shares during the last quarter. Invesco Ltd. lifted its stake 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 last quarter. Geode Capital Management LLC boosted its holdings in shares of DuPont de Nemours by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 11,019,892 shares of the basic materials company’s stock worth $441,285,000 after buying an additional 74,355 shares during the period. Finally, Nuveen LLC boosted its holdings in shares of DuPont de Nemours by 18.9% during the 4th quarter. Nuveen LLC now owns 10,662,674 shares of the basic materials company’s stock worth $428,639,000 after buying an additional 1,695,097 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.5%

Shares of DD stock opened at $138.12 on Thursday. The firm has a market capitalization of $18.65 billion, a P/E ratio of 306.99, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. DuPont de Nemours, Inc. has a 1 year low of $92.49 and a 1 year high of $157.98. The firm’s fifty day simple moving average is $139.27 and its 200 day simple moving average is $141.30. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.12. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 7.27 EPS for the current year.

DuPont de Nemours Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. DuPont de Nemours’s dividend payout ratio (DPR) is presently 533.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DD shares. JPMorgan Chase & Co. lifted their target price on shares of DuPont de Nemours from $171.00 to $172.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. BMO Capital Markets upped their price target on shares of DuPont de Nemours from $75.30 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft raised their price target on DuPont de Nemours from $174.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.