Plimoth Trust Co. LLC Has $305,000 Stock Position in DuPont de Nemours, Inc. $DD

Plimoth Trust Co. LLC reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 67.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,250 shares of the basic materials company’s stock after selling 4,635 shares during the period. Plimoth Trust Co. LLC’s holdings in DuPont de Nemours were worth $305,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Palisade Asset Management LLC acquired a new position in DuPont de Nemours in the third quarter valued at about $26,000. Imprint Wealth LLC acquired a new position in shares of DuPont de Nemours during the 3rd quarter worth about $27,000. Basepoint Wealth LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $30,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of DuPont de Nemours from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Citigroup increased their target price on shares of DuPont de Nemours from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Zacks Research cut shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. The Goldman Sachs Group boosted their price target on shares of DuPont de Nemours from $53.00 to $159.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada lowered their price objective on shares of DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $166.60.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $127.94 on Thursday. 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. The company’s 50 day moving average price is $138.05 and its two-hundred day moving average price is $140.18. The company has a market capitalization of $17.28 billion, a P/E ratio of 284.36, a price-to-earnings-growth ratio of 1.20 and a beta of 1.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. The business’s quarterly 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, analysts expect that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current fiscal year.

DuPont de Nemours Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, August 31st. DuPont de Nemours’s dividend payout ratio is 533.33%.

About DuPont de Nemours

DuPont de Nemours, Inc is a global materials science company headquartered in Wilmington, Delaware. The company develops engineered materials and specialty products used in electronics, transportation, construction, healthcare, water treatment, and industrial applications.

Its offerings include semiconductor and advanced packaging materials, engineering polymers, specialty resins, water purification and separation technologies, and protective materials and solutions. DuPont’s products are sold to manufacturers, industrial customers, and other businesses across North America, Europe, Asia-Pacific, and other international markets.

The company was formed in 2019 following the separation of DowDuPont into independent companies, including DuPont, Dow, and Corteva.