Magnetar Financial LLC Invests $10.75 Million in DuPont de Nemours, Inc. $DD

Key Points

• Magnetar Financial LLC acquired 143,913 shares of DuPont de Nemours, Inc. valued at approximately $10.7 million in the first quarter.
• The stock has seen positive analyst activity, with multiple companies raising their price targets, most recently, Citigroup increasing its target from $75 to $85.
• DuPont reported a Q2 earnings per share of $1.12, beating expectations, and declared a quarterly dividend of $0.41 per share.

Magnetar Financial LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 143,913 shares of the basic materials company's stock, valued at approximately $10,747,000.

A number of other hedge funds also recently bought and sold shares of DD. Summit Financial LLC lifted its position in DuPont de Nemours by 3.7% during the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock worth $304,000 after buying an additional 146 shares in the last quarter. Ballast Inc. boosted its holdings in DuPont de Nemours by 0.9% in the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after purchasing an additional 159 shares during the period. GHP Investment Advisors Inc. lifted its holdings in DuPont de Nemours by 16.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock worth $88,000 after buying an additional 170 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of DuPont de Nemours by 0.9% in the 1st quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock valued at $1,440,000 after purchasing an additional 171 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in shares of DuPont de Nemours by 3.6% in the 1st quarter. HBK Sorce Advisory LLC now owns 5,096 shares of the basic materials company's stock valued at $381,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

Shares of NYSE DD traded down $1.11 during mid-day trading on Tuesday, hitting $75.81. 2,567,719 shares of the stock were exchanged, compared to its average volume of 2,914,750. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The stock's fifty day simple moving average is $73.65 and its two-hundred day simple moving average is $71.27. The company has a market cap of $31.74 billion, a P/E ratio of -161.30, a PEG ratio of 1.92 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the business posted $0.97 earnings per share. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. 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, analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.2%. DuPont de Nemours's dividend payout ratio is presently -348.94%.

Analysts Set New Price Targets

Several equities analysts have issued reports on DD shares. Wells Fargo & Company boosted their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Royal Bank Of Canada increased their price target on DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Morgan Stanley dropped their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Mizuho increased their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Citigroup raised their price target on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Profile

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.