California State Teachers Retirement System Purchases New Stake in DuPont de Nemours, Inc. $DD

California State Teachers Retirement System acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 285,024 shares of the basic materials company's stock, valued at approximately $38,660,655. California State Teachers Retirement System owned approximately 0.21% of DuPont de Nemours as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Auto Owners Insurance Co raised its position in DuPont de Nemours by 4,275.8% during the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company's stock worth $70,561,000 after acquiring an additional 17,151,278 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of DuPont de Nemours by 12,133.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,614,878 shares of the basic materials company's stock worth $365,921,000 after buying an additional 9,536,283 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at $130,394,000. Norges Bank purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at $118,037,000. Finally, Fred Alger Management LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $96,068,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DD. Royal Bank Of Canada decreased their price target on DuPont de Nemours from $180.00 to $176.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. The Goldman Sachs Group raised their price target on DuPont de Nemours from $53.00 to $159.00 and gave the company a "neutral" rating in a report on Thursday, June 25th. UBS Group raised their target price on shares of DuPont de Nemours from $175.00 to $178.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $171.00 to $172.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $166.60.

DuPont de Nemours Stock Performance

DD stock traded up $2.32 during trading hours on Tuesday, hitting $126.61. 465,970 shares of the stock were exchanged, compared to its average volume of 1,413,898. The firm has a market capitalization of $17.10 billion, a P/E ratio of 280.95, a P/E/G ratio of 1.16 and a beta of 1.06. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 12 month low of $92.49 and a 12 month high of $157.98. The company has a 50-day simple moving average of $137.20 and a two-hundred day simple moving average of $139.64.

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

DuPont de Nemours Cuts Dividend

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

About DuPont de Nemours

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.

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