California State Teachers Retirement System Has $5.24 Billion Stock Holdings in DuPont de Nemours, Inc. $DD

Key Points

• California State Teachers Retirement System increased its DuPont stake by 7,560.9% to 38.66 million shares, worth approximately $5.24 billion and representing 28.63% of the company. Institutional investors and hedge funds collectively own 73.96% of DD.
• DuPont reported quarterly earnings of $1.88 per share, beating estimates by $0.12, while revenue rose 4% year over year to $1.82 billion. The company guided for third-quarter EPS of $1.80–$1.90.
• Shares opened at $127.94, below their 50- and 200-day moving averages, while analysts maintained a “Moderate Buy” consensus with an average price target of $166.60. DuPont declared a $0.60 quarterly dividend, equivalent to a 1.9% yield.

California State Teachers Retirement System boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7,560.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,660,655 shares of the basic materials company's stock after purchasing an additional 38,156,004 shares during the period. California State Teachers Retirement System owned about 28.63% of DuPont de Nemours worth $5,243,931,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DD. Auto Owners Insurance Co grew its stake in shares of DuPont de Nemours by 4,275.8% in the 4th quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company's stock valued at $70,561,000 after purchasing an additional 17,151,278 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in DuPont de Nemours by 12,133.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,614,878 shares of the basic materials company's stock valued at $365,921,000 after buying an additional 9,536,283 shares in the last quarter. Invesco Ltd. boosted its stake in DuPont de Nemours by 64.4% in the 4th quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company's stock valued at $583,487,000 after buying an additional 5,686,490 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in DuPont de Nemours by 242.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,491,426 shares of the basic materials company's stock valued at $301,155,000 after acquiring an additional 5,303,219 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in DuPont de Nemours in the fourth quarter valued at $130,394,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 2.6%

Shares of DD opened at $127.94 on Thursday. The stock has a fifty day moving average price of $138.05 and a two-hundred day moving average price of $140.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43. DuPont de Nemours, Inc. has a 52-week low of $92.49 and a 52-week high of $157.98. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 284.36, a PEG ratio of 1.20 and a beta of 1.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.12. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%.The business's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. Analysts predict that DuPont de Nemours, Inc. will post 7.27 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.60 per share. The ex-dividend date is Monday, August 31st. This represents a $2.40 annualized dividend and a yield of 1.9%. DuPont de Nemours's dividend payout ratio is 533.33%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $171.00 to $172.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Royal Bank Of Canada lowered their target price on shares of DuPont de Nemours from $180.00 to $176.00 and set an "outperform" rating on the stock in a report on Friday, August 7th. Zacks Research cut shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 17th. Citigroup lifted their price target on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Finally, The Goldman Sachs Group boosted their price target on shares of DuPont de Nemours from $53.00 to $159.00 and gave the company a "neutral" rating in a research report on Thursday, June 25th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and an average price target of $166.60.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc is a global materials science company headquartered in Wilmington, Delaware. The company develops engineered materials and specialty products used in electronics, transportation, construction, healthcare, water treatment, and industrial applications.

Its offerings include semiconductor and advanced packaging materials, engineering polymers, specialty resins, water purification and separation technologies, and protective materials and solutions. DuPont's products are sold to manufacturers, industrial customers, and other businesses across North America, Europe, Asia-Pacific, and other international markets.

The company was formed in 2019 following the separation of DowDuPont into independent companies, including DuPont, Dow, and Corteva.

Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.