Allianz Asset Management GmbH Has $14.15 Million Stock Holdings in DuPont de Nemours, Inc. $DD

Allianz Asset Management GmbH decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 48.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,323 shares of the basic materials company's stock after selling 96,140 shares during the period. Allianz Asset Management GmbH owned approximately 0.08% of DuPont de Nemours worth $14,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System raised its position in shares of DuPont de Nemours by 7,560.9% in the second quarter. California State Teachers Retirement System now owns 38,660,655 shares of the basic materials company's stock valued at $5,243,931,000 after buying an additional 38,156,004 shares in the last quarter. State Street Corp increased its position in shares of DuPont de Nemours by 1.2% in the fourth quarter. State Street Corp now owns 18,412,070 shares of the basic materials company's stock worth $740,165,000 after purchasing an additional 215,928 shares during the period. Auto Owners Insurance Co increased its position in shares of DuPont de Nemours by 4,275.8% in the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company's stock worth $70,561,000 after purchasing an additional 17,151,278 shares during the period. Invesco Ltd. raised its stake in DuPont de Nemours by 64.4% in the fourth quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company's stock valued at $583,487,000 after purchasing an additional 5,686,490 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in DuPont de Nemours by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 11,019,892 shares of the basic materials company's stock worth $441,285,000 after purchasing an additional 74,355 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $131.46 on Wednesday. The company has a market cap of $17.75 billion, a price-to-earnings ratio of 292.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.06. DuPont de Nemours, Inc. has a 52 week low of $92.49 and a 52 week high of $157.98. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $138.26 and a 200-day moving average of $140.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.12. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. DuPont de Nemours's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. DuPont de Nemours's dividend payout ratio is presently 533.33%.

Analysts Set New Price Targets

DD has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of DuPont de Nemours from $180.00 to $176.00 and set an "outperform" rating for the company in a report on Friday, August 7th. UBS Group lifted their price target on DuPont de Nemours from $175.00 to $178.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group lifted their target price on DuPont de Nemours from $53.00 to $159.00 and gave the company a "neutral" rating in a research report on Thursday, June 25th. Citigroup raised their price target on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. Finally, Zacks Research lowered shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $166.60.

DuPont de Nemours Company Profile

DuPont de Nemours NYSE: DD is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont's operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.

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