Wellington Management Group LLP Makes New Investment in DuPont de Nemours, Inc. $DD

Key Points

• Wellington Management Group LLP has acquired a new stake in DuPont de Nemours, Inc., purchasing 77,006 shares valued at approximately $5.75 million.
• Several institutional investors have increased their positions in DuPont, and the company is experiencing overall strong interest, with 73.96% of its stock owned by such entities.
• DuPont recently announced a quarterly dividend of $0.41 per share, reflecting a yield of 2.1%, with the ex-dividend date set for August 29th.

Wellington Management Group LLP purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 77,006 shares of the basic materials company's stock, valued at approximately $5,751,000.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of DuPont de Nemours in the first quarter worth about $531,037,000. Assenagon Asset Management S.A. raised its stake in shares of DuPont de Nemours by 87.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after acquiring an additional 922,387 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of DuPont de Nemours by 7,327.1% in the first quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company's stock worth $45,621,000 after acquiring an additional 602,657 shares during the last quarter. Deutsche Bank AG raised its stake in shares of DuPont de Nemours by 30.0% in the fourth quarter. Deutsche Bank AG now owns 2,049,602 shares of the basic materials company's stock worth $156,282,000 after acquiring an additional 472,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of DuPont de Nemours by 18.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,746,267 shares of the basic materials company's stock worth $209,403,000 after acquiring an additional 433,668 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DD. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Mizuho boosted their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. KeyCorp boosted their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada boosted their price target on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Trading Down 0.8%

NYSE DD traded down $0.61 during trading on Friday, reaching $77.02. 2,676,260 shares of the stock traded hands, compared to its average volume of 3,026,819. The firm has a market cap of $32.25 billion, a price-to-earnings ratio of -163.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The stock's 50-day moving average price is $73.45 and its 200 day moving average price is $71.40.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is -348.94%.

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.