Adage Capital Partners GP L.L.C. Buys 81,000 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Adage Capital Partners GP L.L.C. increased its holdings in DuPont de Nemours, acquiring an additional 81,000 shares and raising its total ownership by 27.0% to 381,501 shares.
• DuPont's recent earnings report showed $1.12 earnings per share (EPS), surpassing the forecast by $0.06, with a year-over-year revenue increase of 2.7% to $3.26 billion.
• The company announced a quarterly dividend of $0.41, reflecting an annual yield of 2.1%, despite a negative dividend payout ratio.

Adage Capital Partners GP L.L.C. lifted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 27.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,501 shares of the basic materials company's stock after purchasing an additional 81,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.09% of DuPont de Nemours worth $28,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Ritholtz Wealth Management raised its position in shares of DuPont de Nemours by 48.8% in the 1st quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock worth $333,000 after purchasing an additional 1,464 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in DuPont de Nemours by 334.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock worth $19,122,000 after buying an additional 197,115 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in DuPont de Nemours by 6.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock worth $6,003,000 after buying an additional 4,995 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in DuPont de Nemours by 11.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock worth $4,069,000 after buying an additional 5,751 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in DuPont de Nemours by 37.4% in the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock worth $1,787,000 after buying an additional 6,509 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

DD traded up $0.62 during trading on Friday, reaching $77.77. 3,374,635 shares of the company traded hands, compared to its average volume of 2,383,717. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The firm has a fifty day simple moving average of $74.28 and a 200 day simple moving average of $71.16. The company has a market cap of $32.56 billion, a P/E ratio of -165.46, a PEG ratio of 1.94 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the firm posted $0.97 EPS. The company's revenue was up 2.7% on a year-over-year basis. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is -348.94%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DD shares. Mizuho boosted their target price on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. KeyCorp increased 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 report on Wednesday, August 6th. UBS Group boosted their price target on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Citigroup lifted their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and a consensus target price 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.