AQR Capital Management LLC Increases Position in DuPont de Nemours, Inc. $DD

Key Points

• AQR Capital Management LLC increased its stake in DuPont de Nemours, Inc. by 31.4% during the first quarter, owning $55.03 million worth of shares.
• Several analysts have raised their price targets for DuPont de Nemours, with the consensus rating currently at "Moderate Buy" and an average target price of $88.25.
• DuPont de Nemours announced a quarterly dividend of $0.41 per share, representing an annualized yield of 2.1% despite having a negative dividend payout ratio.

AQR Capital Management LLC grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 31.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 748,582 shares of the basic materials company's stock after acquiring an additional 178,852 shares during the quarter. AQR Capital Management LLC owned about 0.18% of DuPont de Nemours worth $55,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in DuPont de Nemours by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company's stock worth $3,502,090,000 after acquiring an additional 298,408 shares in the last quarter. Nuveen LLC bought a new stake in DuPont de Nemours during the first quarter valued at $531,037,000. Price T Rowe Associates Inc. MD raised its holdings in shares of DuPont de Nemours by 21.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company's stock worth $310,656,000 after purchasing an additional 746,364 shares during the period. Bank of New York Mellon Corp lifted its position in shares of DuPont de Nemours by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock worth $249,961,000 after buying an additional 37,327 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of DuPont de Nemours by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company's stock valued at $238,200,000 after buying an additional 83,147 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DD has been the topic of several research reports. 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 report on Friday, August 8th. Mizuho raised their price objective 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. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wells Fargo & Company increased their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. 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 assigned a Hold rating to the company's stock. According to MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average price target of $88.25.

Insider Transactions at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $76.50, for a total transaction of $1,912,500.00. Following the transaction, the senior vice president directly owned 48,585 shares of the company's stock, valued at approximately $3,716,752.50. This represents a 33.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded down $0.69 during mid-day trading on Friday, reaching $77.30. The company had a trading volume of 1,717,064 shares, compared to its average volume of 2,289,054. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The business has a fifty day simple moving average of $74.78 and a 200 day simple moving average of $71.07. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a market cap of $32.37 billion, a P/E ratio of -164.47, a P/E/G ratio of 1.94 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share 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 company had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. DuPont de Nemours'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. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid 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 currently -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.