The Vanguard Group, Inc. has recently announced that it has increased stake in DuPont de Nemours Inc (NYSE:DD) by 4.65%. After grabbing 44.97 million shares, the institutional investor is now in possession of 2.0 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 10.46% having worth around $3.22 billion. Moreover, BlackRock Fund Advisors increased its share by 65696.0 to have a control over 21.55 million shares. And Geode Capital Management LLC raised its holdings to 0.18 million shares by acquiring 9.83 million shares or 2.29% of the stake.
DuPont de Nemours Inc (DD) concluded trading on December 20, 2023 at a closing price of $73.27, with 3.71 million shares of worth about $272.18 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.00% during that period and On Wednesday the price saw a loss of about -1.15%. Currently the company’s common shares owned by public are about 458.12M shares, out of which, 428.49M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 92 times over the past 12 months. They bought 568,858 shares in 45 of the transactions. In 47 selling transactions, insiders dumped 290,698 shares.
Vanguard Total Stock Market ETF, MFS Value Fund, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in DuPont de Nemours Inc Vanguard Total Stock Market ETF is currently holding 12.93 million shares of worth totaling $925.2 million. The company recently came buying 85437.0 shares which brought its stake up to 3.01% of the company’s outstanding shares. MFS Value Fund sold 61906.0 shares, after which its hold over company’s outstanding shares shrunk to 2.63%, leaving 11.29 million shares with the mutual fund that have a worth of about $807.54 million. Vanguard 500 Index Fund, after buying 11.09 million shares, have now control over 2.58% of the stake in the company. It holds 55337.0 shares of worth $793.22 million.
However, the stock later moved at a day high price of 74.26, or with a loss of -1.15%. Stock saw a price change of 1.92% in past 5 days and over the past one month there was a price change of 2.68%. Year-to-date (YTD), DD shares are showing a performance of 6.76% which increased to 8.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.80 but also hit the highest price of $78.74 during that period. The average intraday trading volume for DuPont de Nemours Inc shares is 2.87 million. The stock is currently trading 2.12% above its 20-day simple moving average (SMA20), while that difference is up 2.09% for SMA50 and it goes to 2.32% higher than SMA200.
The Vanguard Group, Inc. acquired 44.97 million shares of DuPont de Nemours Inc having value of about $3.22 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2.0 million shares in the company valued at close to $146449511.55, or have control over 4.65% stake in the company. DuPont de Nemours Inc (NYSE: DD) currently have 458.12M outstanding shares and institutions hold larger chunk of about 77.65% of that. Holding of mutual funds in the company is about 34.42% while other institutional holders and individual stake holders have control over 43.67% and 0.47% of the stake respectively.
The stock has a current market capitalization of $31.51B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 7.58, while it has posted earnings per share of $9.66 in the same period. Its PEG reads 0.76 and has Quick Ratio of 1.53 while making debt-to-equity ratio of 0.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DD, volatility over the week remained 1.39% while standing at 1.35% over the month.
Analysts are in expectations that DuPont de Nemours Inc (DD) stock would likely to be making an EPS of $1.13 in the current quarter, while forecast for next quarter EPS is $1.1 and it is $4.94 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.1 which is $1.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.61 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1.45% while it is estimated to increase by 15.07% in next year. EPS is likely to shrink at an annualized rate of 9.97% for next 5-years, compared to annual growth of 33.90% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on July 19, 2023 offering a Neutral rating for the stock and assigned a target price range of between $72 and $75 to it.
