Arizona State Retirement System Has $5.31 Million Stake in DuPont de Nemours, Inc. $DD

Key Points

• Arizona State Retirement System cut its DuPont de Nemours stake by 65.6% in the second quarter, selling 74,675 shares and retaining 39,170 shares valued at approximately $5.31 million. Institutional investors collectively own 73.96% of the company.
• DuPont reported quarterly EPS of $1.88, beating analysts’ $1.76 estimate, while revenue rose 4% year over year to $1.82 billion. The company guided for third-quarter EPS of $1.80–$1.90.
• Analysts maintain a generally positive outlook, with 12 Buy, four Hold, and one Sell rating and an average price target of $166.60. Shares opened at $126.89, while the company’s $0.60 quarterly dividend implies a 1.9% yield.

Arizona State Retirement System reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 65.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,170 shares of the basic materials company's stock after selling 74,675 shares during the quarter. Arizona State Retirement System's holdings in DuPont de Nemours were worth $5,313,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC increased its position in DuPont de Nemours by 168.5% during the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company's stock worth $32,000 after buying an additional 150 shares during the last quarter. Lazard Asset Management LLC lifted its position in DuPont de Nemours by 7.1% during the second quarter. Lazard Asset Management LLC now owns 2,430 shares of the basic materials company's stock worth $166,000 after acquiring an additional 162 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in DuPont de Nemours by 1.9% in the 4th quarter. Quadrant Capital Group LLC now owns 13,401 shares of the basic materials company's stock valued at $539,000 after buying an additional 244 shares in the last quarter. Brooks Moore & Associates Inc. grew its holdings in DuPont de Nemours by 2.4% in the 4th quarter. Brooks Moore & Associates Inc. now owns 10,658 shares of the basic materials company's stock valued at $428,000 after buying an additional 250 shares in the last quarter. Finally, 1ST Source Bank increased its position in DuPont de Nemours by 1.5% during the 1st quarter. 1ST Source Bank now owns 17,451 shares of the basic materials company's stock worth $799,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $126.89 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a twelve month low of $92.49 and a twelve month high of $157.98. The company has a fifty day moving average of $137.53 and a 200-day moving average of $139.92. The firm has a market capitalization of $17.14 billion, a P/E ratio of 282.03, a P/E/G ratio of 1.16 and a beta of 1.06.

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

DuPont de Nemours Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, August 31st. This represents a $2.40 annualized dividend and a yield of 1.9%. DuPont de Nemours's dividend payout ratio (DPR) is 533.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Zacks Research cut shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Royal Bank Of Canada lowered their price objective on DuPont de Nemours from $180.00 to $176.00 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of DuPont de Nemours in a report on Monday, August 3rd. The Goldman Sachs Group raised their price target on DuPont de Nemours from $53.00 to $159.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Finally, Citigroup boosted their target price on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of "Moderate Buy" and an average price target of $166.60.

DuPont de Nemours Profile

DuPont de Nemours, Inc is a global materials science company headquartered in Wilmington, Delaware. The company develops engineered materials and specialty products used in electronics, transportation, construction, healthcare, water treatment, and industrial applications.

Its offerings include semiconductor and advanced packaging materials, engineering polymers, specialty resins, water purification and separation technologies, and protective materials and solutions. DuPont's products are sold to manufacturers, industrial customers, and other businesses across North America, Europe, Asia-Pacific, and other international markets.

The company was formed in 2019 following the separation of DowDuPont into independent companies, including DuPont, Dow, and Corteva.

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