DuPont de Nemours, Inc. $DD Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. has significantly reduced its stake in DuPont de Nemours, Inc. by selling 1,349,790 shares, bringing its total ownership to approximately 631,043 shares, valued at $43.28 million.
• In a recent earnings report, DuPont exceeded analysts’ expectations with an EPS of $1.12 for the quarter and reported a revenue of $3.26 billion, which is an increase of 2.7% year-over-year.
• DuPont de Nemours has announced a quarterly dividend of $0.41 per share, which is part of an annualized dividend yield of 2.1%, despite a high payout ratio of -348.94%.

Assenagon Asset Management S.A. lowered its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 68.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 631,043 shares of the basic materials company's stock after selling 1,349,790 shares during the quarter. Assenagon Asset Management S.A. owned about 0.15% of DuPont de Nemours worth $43,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. bought a new position in DuPont de Nemours during the fourth quarter worth about $28,000. JNBA Financial Advisors lifted its stake in DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after purchasing an additional 216 shares during the last quarter. Valley National Advisers Inc. lifted its stake in DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after purchasing an additional 248 shares during the last quarter. WPG Advisers LLC bought a new stake in DuPont de Nemours during the first quarter worth $35,000. Finally, Ransom Advisory Ltd acquired a new position in shares of DuPont de Nemours during the first quarter worth $40,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Up 0.3%

Shares of NYSE DD traded up $0.23 during midday trading on Monday, hitting $78.33. The stock had a trading volume of 4,730,493 shares, compared to its average volume of 2,667,618. The business's 50 day moving average is $75.11 and its 200-day moving average is $70.87. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The company has a market cap of $32.80 billion, a P/E ratio of -166.66, a PEG ratio of 1.95 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its 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. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. 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 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.41 per share. The ex-dividend date was Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. DuPont de Nemours's dividend payout ratio is -348.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DD shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $94.00 price target on shares of DuPont de Nemours in a report on Friday. BMO Capital Markets decreased their price objective on DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating for the company in a report on Friday. 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 report on Monday, July 14th. UBS Group increased their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, KeyCorp upped their target price on DuPont de Nemours from $92.00 to $93.00 and gave the company an "overweight" rating in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.33.

Insiders Place Their Bets

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the sale, the senior vice president directly owned 38,585 shares of the company's stock, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 74,208 shares of company stock worth $5,714,861 in the last 90 days. 0.61% of the stock is owned by corporate insiders.

DuPont de Nemours Company 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.