Ameriprise Financial Inc. Sells 39,538 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Ameriprise Financial Inc. has decreased its stake in DuPont de Nemours, Inc. by 7.0%, now holding approximately $39.54 million in shares.
• Several large investors significantly increased their positions in DuPont during the first quarter, with Nuveen LLC acquiring a new position valued at $531 million.
• DuPont de Nemours reported an EPS of $1.12 for the last quarter, exceeding estimates and demonstrating a 2.7% year-over-year revenue growth.

Ameriprise Financial Inc. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 529,337 shares of the basic materials company's stock after selling 39,538 shares during the period. Ameriprise Financial Inc. owned 0.13% of DuPont de Nemours worth $39,535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DD. Vermillion Wealth Management Inc. purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth about $28,000. JNBA Financial Advisors lifted its stake in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 216 shares during the last quarter. Valley National Advisers Inc. grew its position in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after acquiring an additional 248 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of DuPont de Nemours by 1,770.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 531 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DD shares. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. JPMorgan Chase & Co. boosted their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Citigroup upped their target price on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. KeyCorp lifted their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Mizuho boosted their price objective 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. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.25.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded down $0.07 during mid-day trading on Wednesday, hitting $75.72. The company had a trading volume of 308,111 shares, compared to its average volume of 2,898,644. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The firm has a market cap of $31.71 billion, a P/E ratio of -161.22, a PEG ratio of 1.92 and a beta of 1.07. The business's 50-day simple moving average is $73.80 and its 200-day simple moving average is $71.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The firm 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 firm posted $0.97 EPS. The company's revenue for the quarter 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. As a group, analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. DuPont de Nemours's payout ratio is currently -348.94%.

About DuPont de Nemours

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.