Benjamin Edwards Inc. Sells 5,880 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Benjamin Edwards Inc. has reduced its stake in DuPont de Nemours, Inc. by 66.3%, now holding $223,000 worth of the stock after selling 5,880 shares.
• Several institutional investors have increased their holdings in DuPont, with Assenagon Asset Management raising its stake by 87.1%, making it the largest shareholder of the company.
• DuPont reported earnings of $1.12 per share for the most recent quarter, surpassing analyst estimates, and has announced a quarterly dividend of $0.41 per share with a yield of 2.2%.

Benjamin Edwards Inc. decreased its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 66.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,990 shares of the basic materials company's stock after selling 5,880 shares during the quarter. Benjamin Edwards Inc.'s holdings in DuPont de Nemours were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of DuPont de Nemours by 0.6% in 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 buying an additional 298,408 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after buying an additional 690,218 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after buying an additional 336,000 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings 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 lifted its holdings in DuPont de Nemours by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock valued at $236,909,000 after purchasing an additional 417,359 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

Shares of DD traded up $0.0460 during midday trading on Thursday, hitting $74.5260. 2,220,916 shares of the company traded hands, compared to its average volume of 3,218,808. The stock has a 50-day moving average of $72.20 and a 200-day moving average of $71.48. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The firm has a market cap of $31.21 billion, a P/E ratio of -158.57, a PEG ratio of 1.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company's revenue 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. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is -348.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DD shares. Citigroup upped their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. upped their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. KeyCorp upped their price objective on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Barclays dropped their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, UBS Group upped their price objective 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. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.