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Allstate Corp Has $676,000 Stake in DuPont de Nemours, Inc. $DD

DuPont de Nemours logo with Basic Materials background

Key Points

  • Allstate Corp has reduced its stake in DuPont de Nemours, Inc. by 27.9%, selling 3,497 shares, leaving them with 9,058 shares valued at $676,000 as of their latest SEC filing.
  • DuPont de Nemours announced a quarterly dividend of $0.41, payable on September 15, which represents an annualized yield of 2.1% despite a negative dividend payout ratio of -348.94%.
  • The company's quarterly earnings reported a EPS of $1.12, exceeding analyst expectations of $1.06 and reflecting a year-over-year revenue increase of 2.7% to $3.26 billion.
  • Looking to export and analyze DuPont de Nemours data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Allstate Corp cut its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,058 shares of the basic materials company's stock after selling 3,497 shares during the period. Allstate Corp's holdings in DuPont de Nemours were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DD. Brighton Jones LLC raised its stake in shares of DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock worth $382,000 after acquiring an additional 822 shares during the last quarter. MGO One Seven LLC raised its stake in shares of DuPont de Nemours by 5.0% during the fourth quarter. MGO One Seven LLC now owns 5,709 shares of the basic materials company's stock worth $435,000 after buying an additional 270 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth approximately $245,000. Boothbay Fund Management LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth approximately $352,000. Finally, Tudor Investment Corp ET AL raised its stake in shares of DuPont de Nemours by 3,984.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 120,429 shares of the basic materials company's stock worth $9,183,000 after buying an additional 123,529 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DD shares. Citigroup boosted their price target on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. 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. 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. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, 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. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

Get Our Latest Report on DD

DuPont de Nemours Stock Down 0.2%

Shares of DuPont de Nemours stock traded down $0.16 on Thursday, hitting $77.67. The company had a trading volume of 3,076,845 shares, compared to its average volume of 3,116,618. The firm has a market capitalization of $32.52 billion, a P/E ratio of -165.25, a P/E/G ratio of 1.94 and a beta of 1.06. 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 current ratio of 1.41 and a quick ratio of 0.94. The stock has a 50-day moving average of $73.23 and a 200-day moving average of $71.50.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS 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 business had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm'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. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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

About DuPont de Nemours

(Free Report)

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.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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