Canada Pension Plan Investment Board Lowers Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Canada Pension Plan Investment Board has reduced its stake in DuPont de Nemours, Inc. by 34.4% during the first quarter, now owning approximately 0.18% of the company valued at $57.47 million.
• Despite the reduction in its investment, other institutional investors have increased their stakes, with Ritholtz Wealth Management raising its position by 48.8% during the same period.
• DuPont reported a quarterly revenue of $3.26 billion, exceeding analyst expectations and indicating a 2.7% year-over-year increase in revenue.

Canada Pension Plan Investment Board lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 34.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 769,608 shares of the basic materials company's stock after selling 403,092 shares during the quarter. Canada Pension Plan Investment Board owned about 0.18% of DuPont de Nemours worth $57,474,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. acquired a new position in DuPont de Nemours during the 4th quarter worth approximately $28,000. JNBA Financial Advisors grew its position in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 216 shares in the last quarter. Valley National Advisers Inc. grew its stake in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after purchasing an additional 248 shares in the last quarter. WPG Advisers LLC acquired a new position in DuPont de Nemours in the first quarter valued at approximately $35,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at about $36,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DD. JPMorgan Chase & Co. raised their price target 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. Mizuho increased their price objective 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. Royal Bank Of Canada raised their price objective on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. UBS Group raised their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Citigroup raised their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, DuPont de Nemours presently has an average rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Stock Up 1.8%

Shares of NYSE:DD traded up $1.34 during midday trading on Thursday, hitting $76.91. 2,150,075 shares of the company's stock were exchanged, compared to its average volume of 2,905,159. The company has a market cap of $32.20 billion, a PE ratio of -163.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. 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, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The stock has a 50 day moving average price of $73.95 and a 200-day moving average price of $71.33.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share 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 firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The company's 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. On average, sell-side analysts anticipate 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. Shareholders of record on Friday, August 29th will be issued a $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.1%. DuPont de Nemours's dividend payout ratio is -348.94%.

DuPont de Nemours 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.