Assenagon Asset Management S.A. Buys 377,661 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Assenagon Asset Management increased its DuPont stake by 675.9% in the third quarter, acquiring 377,661 shares to own 433,535 shares valued at approximately $56.3 million.
• Institutional investors hold 73.96% of DuPont’s stock, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $162, above the reported $130.50 share price.
• DuPont exceeded quarterly earnings expectations with $1.88 in EPS and $1.82 billion in revenue, up 4% year over year; it also declared a $0.60 quarterly dividend, representing a 1.8% annualized yield.

Assenagon Asset Management S.A. increased its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 675.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,535 shares of the basic materials company's stock after acquiring an additional 377,661 shares during the period. Assenagon Asset Management S.A. owned approximately 0.32% of DuPont de Nemours worth $56,312,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DD. State Street Corp boosted its position in shares of DuPont de Nemours by 140.3% during the 2nd quarter. State Street Corp now owns 44,941,824 shares of the basic materials company's stock valued at $6,095,909,000 after purchasing an additional 26,238,300 shares in the last quarter. Bank of America Corp DE grew its stake in shares of DuPont de Nemours by 22.0% in the 1st quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company's stock worth $212,039,000 after purchasing an additional 835,572 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of DuPont de Nemours by 10.0% in the 1st quarter. Bank of New York Mellon Corp now owns 3,706,596 shares of the basic materials company's stock worth $169,762,000 after purchasing an additional 336,780 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of DuPont de Nemours by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,831 shares of the basic materials company's stock worth $160,688,000 after purchasing an additional 163,210 shares in the last quarter. Finally, Amundi raised its holdings in shares of DuPont de Nemours by 31.3% in the 1st quarter. Amundi now owns 2,478,630 shares of the basic materials company's stock worth $113,526,000 after purchasing an additional 591,011 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DD. UBS Group cut their target price on shares of DuPont de Nemours from $178.00 to $172.00 and set a "buy" rating for the company in a research note on Monday, October 5th. Zacks Research lowered shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 17th. JPMorgan Chase & Co. cut DuPont de Nemours from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $172.00 to $145.00 in a report on Friday, October 9th. Royal Bank Of Canada cut their price objective on DuPont de Nemours from $176.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Barclays initiated coverage on DuPont de Nemours in a research report on Tuesday, October 13th. They set an "overweight" rating and a $156.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $130.50 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $98.26 and a fifty-two week high of $157.98. The firm's 50 day simple moving average is $133.29 and its 200-day simple moving average is $138.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.82. The company has a market cap of $17.62 billion, a P/E ratio of 290.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.76 by $0.12. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm's quarterly revenue was up 4.0% on a year-over-year basis. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 7.26 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. DuPont de Nemours's payout ratio is currently 533.33%.

DuPont de Nemours Profile

DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.

DuPont's portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.

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