Busey Bank Makes New $288,000 Investment in DuPont de Nemours, Inc. $DD

Key Points

• Busey Bank has acquired a new stake in DuPont de Nemours, Inc., purchasing 4,206 shares valued at approximately $288,000.
• Analysts have updated their price targets for DuPont, with notable increases from KeyCorp and Citigroup, signaling positive sentiment towards the company's stock.
• DuPont de Nemours recently announced a quarterly dividend of $0.41 per share, representing an annualized yield of 2.1% despite a negative dividend payout ratio.

Busey Bank acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,206 shares of the basic materials company's stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DD. Nuveen LLC bought a new position in DuPont de Nemours in the 1st quarter valued at approximately $531,037,000. Assenagon Asset Management S.A. lifted its position in DuPont de Nemours by 87.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock valued at $147,929,000 after acquiring an additional 922,387 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in DuPont de Nemours by 21.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company's stock valued at $310,656,000 after buying an additional 746,364 shares during the last quarter. Strs Ohio purchased a new stake in DuPont de Nemours during the 1st quarter valued at $54,934,000. Finally, GAMMA Investing LLC raised its stake in DuPont de Nemours by 7,327.1% during the 1st quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company's stock valued at $45,621,000 after buying an additional 602,657 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DD has been the subject of several analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $94.00 price objective on shares of DuPont de Nemours in a research note on Friday. Wells Fargo & Company increased their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. KeyCorp increased their price objective on shares of DuPont de Nemours from $92.00 to $93.00 and gave the company an "overweight" rating in a report on Monday. Citigroup increased their price target on shares of DuPont de Nemours from $85.00 to $93.00 in a report on Friday. Finally, Mizuho increased their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $88.33.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the transaction, the senior vice president owned 38,585 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 in the last three months. Corporate insiders own 0.61% of the company's stock.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded down $0.17 on Tuesday, hitting $78.09. 2,024,663 shares of the company were exchanged, compared to its average volume of 2,926,397. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The stock's 50 day moving average price is $75.11 and its 200 day moving average price is $70.87. 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 firm has a market capitalization of $32.70 billion, a P/E ratio of -166.11, a price-to-earnings-growth ratio of 1.95 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced 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 payout ratio is currently -348.94%.

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.