Mainstay Capital Management LLC ADV Buys Shares of 3,288 DuPont de Nemours, Inc. $DD

Mainstay Capital Management LLC ADV bought a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,288 shares of the basic materials company’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in DuPont de Nemours by 0.6% in the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock valued at $3,502,090,000 after acquiring an additional 298,408 shares during the last quarter. Nuveen LLC acquired a new stake in shares of DuPont de Nemours during the first quarter valued at about $531,037,000. Price T Rowe Associates Inc. MD boosted its stake in shares of DuPont de Nemours by 21.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after purchasing an additional 746,364 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of DuPont de Nemours by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock valued at $249,961,000 after purchasing an additional 37,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of DuPont de Nemours by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock valued at $238,200,000 after purchasing an additional 83,147 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of a number of recent research reports. BMO Capital Markets cut their price target on DuPont de Nemours from $107.00 to $104.00 and set an “outperform” rating on the stock in a research note on Friday, September 19th. Citigroup lifted their price target on DuPont de Nemours from $85.00 to $93.00 in a research note on Friday, September 19th. Wells Fargo & Company lifted their price target on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Mizuho lifted their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, KeyCorp lifted their price target on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.33.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $77.82 on Friday. The stock’s 50 day moving average is $75.94 and its 200 day moving average is $71.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The firm has a market cap of $32.58 billion, a P/E ratio of -165.57, a P/E/G ratio of 2.26 and a beta of 1.08. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $87.80.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. As a group, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS 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 that occurred 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 sale, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 74,208 shares of company stock valued at $5,714,861 in the last ninety days. 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.