MFS Discloses 6.9% Stake in DuPont de Nemours

TL;DR

**MFS just revealed a 6.9% stake in DuPont, signaling institutional confidence.**

AI Summary

Massachusetts Financial Services Company (MFS) reported on February 9, 2024, that it holds a significant stake in DuPont de Nemours, Inc. (DD). This SC 13G filing indicates MFS's ownership of 30,578,804 shares of DuPont's common stock, representing 6.9% of the company. This matters to investors because MFS is a large institutional investor, and their substantial holding signals confidence in DuPont's future, potentially influencing other investors and the stock's perception.

Why It Matters

A major institutional investor like MFS increasing or maintaining a significant stake can be seen as a vote of confidence, potentially attracting more investment and positively impacting DuPont's stock price.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investment, which generally reduces risk by showing a vote of confidence in the company.

Analyst Insight

A smart investor would view this as a positive indicator of institutional confidence in DuPont de Nemours, Inc. and might consider further research into the company's fundamentals or MFS's investment thesis.

Key Numbers

• 30,578,804 — Shares Owned (Represents the total number of common stock shares of DuPont de Nemours, Inc. held by Massachusetts Financial Services Company.)
• 6.9% — Ownership Percentage (Indicates the percentage of DuPont de Nemours, Inc.'s common stock that Massachusetts Financial Services Company beneficially owns.)

Key Players & Entities

• Massachusetts Financial Services Company (company) — reporting person and institutional investor
• DuPont de Nemours, Inc. (company) — subject company whose shares are being reported
• 30,578,804 (dollar_amount) — number of shares of common stock owned by MFS
• 6.9% (dollar_amount) — percentage of DuPont's common stock owned by MFS
• December 29, 2023 (person) — date of event requiring the filing
• February 9, 2024 (person) — filing date of the SC 13G

Forward-Looking Statements

• Other institutional investors may view MFS's significant stake as a positive signal, potentially leading to increased institutional buying interest in DuPont de Nemours, Inc. (DuPont de Nemours, Inc.) — medium confidence, target: Q2 2024

FAQ

From the Filing

0000912938-24-000235.txt : 20240209 0000912938-24-000235.hdr.sgml : 20240209 20240209114903 ACCESSION NUMBER: 0000912938-24-000235 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DuPont de Nemours, Inc. CENTRAL INDEX KEY: 0001666700 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 811224539 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90272 FILM NUMBER: 24613257 BUSINESS ADDRESS: STREET 1: 974 CENTRE ROAD STREET 2: BUILDING 730 CITY: WILMINGTON STATE: DE ZIP: 19805 BUSINESS PHONE: (302) 295-5783 MAIL ADDRESS: STREET 1: 974 CENTRE ROAD STREET 2: BUILDING 730 CITY: WILMINGTON STATE: DE ZIP: 19805 FORMER COMPANY: FORMER CONFORMED NAME: DowDuPont Inc. DATE OF NAME CHANGE: 20160211 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ CENTRAL INDEX KEY: 0000912938 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 18006372929 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * DUPONT DE NEMOURS, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 26614N102 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 26614N102 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Massachusetts Financial Services Company ("MFS") 04-2747644 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] Not Applicable 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 21,423,191 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 22,155,892 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,155,892 shares of Common Stock consisting of shares beneficially owned by MFS and/or certain other non-reporting entities 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not Applicable 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer DUPONT DE NEMOURS, INC. (b) Address of Issuer's Principal Executive Offices 974 Centre Road, Building 730, Wilmington, DE 19805 Item 2. (a) Name of Person Filing Massachusetts Financial Services Company (b) Address of Principal Business Office or, if None, Residence 111 Huntington Avenue, Boston, MA 02199 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 26614N102 Item 3. If This Statement is