abrdn plc Increases Stake in DuPont de Nemours to Over $23 Million

In the third quarter, investment management company abrdn plc boosted its shareholding in DuPont de Nemours, Inc., a noted player in the basic materials sector. The increment of 3.6% in their stakes was highlighted in abrdn plc's recent 13F filing with the Securities & Exchange Commission. The firm now holds 309,298 shares in the company following the purchase of an additional 10,850 shares during the quarter. This stake is valued at approximately $23.07 million.

abrdn plc is just one of the many institutional investors getting involved with DuPont de Nemours. Recent activities include Peoples Bank KS initiating a new position during the third quarter, similarly, Cornerstone Planning Group LLC, Strategic Investment Solutions Inc. IL, and Nemes Rush Group LLC. On the other hand, Capital Advisors Ltd. LLC significantly increased its stake in the second quarter. Overall, institutional investors own 76.25% of DuPont de Nemours.

DuPont de Nemours Price Performance

The company's stock opened at $62.95 on Wednesday, with a market cap standing around $27.07 billion. It holds a P/E ratio of 6.51, a PEG ratio of 2.40, and a beta of 1.34. Financial ratios such as the debt-to-equity ratio of 0.31, a current ratio of 2.15, and a quick ratio of 1.53 are also notable. Average prices over 50 days stand at $72.89, with the 200-day average at $73.70. The stock has seen a yearly low of $62.80 and a high of $78.74.

The last quarterly earnings report was issued on November 1st, with the basic materials company surpassing expectations with earnings per share (EPS) of $0.92, compared to the forecasted $0.84. Despite a 7.8% revenue decrease from the same quarter the previous year, DuPont de Nemours maintains a net margin of 37.49% and a return on equity of 6.18%.

Analysts Set New Price Targets

Recent reports from financial analysts saw mixed opinions and new price targets set for DuPont de Nemours. These ranged from downgrades to maintaining current ratings, with price targets adjusted accordingly.

Such updates from financial analysts exemplify the constant evaluation and re-evaluation of company stocks, hence influencing investor decisions and market performance.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc. operates in diverse areas, offering technology-based materials and solutions, catering to a global clientele across North America, Asia Pacific, Latin America, Europe, the Middle East, and Africa. With a focus on various segments including Electronics & Industrial and Water & Protection, the firm is synonymous with innovation and development in the materials sector.

abrdn, DuPont, Investment