DuPont de Nemours, Inc. $DD Position Lessened by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. reduced its holdings in DuPont de Nemours, Inc. by 1.8% during the first quarter, now owning 193,444 shares worth approximately $14.4 million.
• DuPont de Nemours reported Q2 earnings of $1.12 EPS, exceeding analysts' expectations of $1.06, and had a revenue of $3.26 billion, outperforming the forecast of $3.23 billion.
• Wall Street analysts have a consensus rating of "Moderate Buy" for DuPont, with a target price averaging $88.25, reflecting strong confidence in the company's growth potential.

Baird Financial Group Inc. trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,444 shares of the basic materials company's stock after selling 3,633 shares during the quarter. Baird Financial Group Inc.'s holdings in DuPont de Nemours were worth $14,446,000 at the end of the most recent reporting period.

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

DuPont de Nemours Stock Up 0.8%

NYSE DD traded up $0.62 during mid-day trading on Friday, reaching $77.77. 3,374,635 shares of the company's stock traded hands, compared to its average volume of 2,365,223. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The company has a fifty day simple moving average of $74.28 and a 200-day simple moving average of $71.16. 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 $32.56 billion, a price-to-earnings ratio of -165.46, a P/E/G ratio of 1.94 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the business posted $0.97 EPS. DuPont de Nemours's quarterly revenue was up 2.7% compared to the same quarter last year. 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, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued 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%.

Analyst Upgrades and Downgrades

DD has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Wells Fargo & Company raised 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. Mizuho raised their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Citigroup raised their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, KeyCorp raised their price objective on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.25.

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.