Candriam S.C.A. Has $1.98 Million Stake in DuPont de Nemours, Inc. $DD

Key Points

• Candriam S.C.A. has reduced its stake in DuPont de Nemours, Inc. by 16.2%, now holding 26,502 shares valued at approximately $1,979,000.
• Several hedge funds, including Capital Analysts LLC and Credit Agricole S A, have increased their positions in the company, indicating strong institutional interest.
• DuPont reported earnings that exceeded estimates, with $1.12 per share against a forecast of $1.06, and announced a quarterly dividend of $0.41 per share, representing a yield of 2.1%.

Candriam S.C.A. lessened its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 16.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,502 shares of the basic materials company's stock after selling 5,140 shares during the quarter. Candriam S.C.A.'s holdings in DuPont de Nemours were worth $1,979,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Nuveen LLC acquired a new stake in shares of DuPont de Nemours in the first quarter worth $531,037,000. Assenagon Asset Management S.A. lifted its stake 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 worth $147,929,000 after acquiring an additional 922,387 shares in the last quarter. Northern Trust Corp boosted its position in DuPont de Nemours by 16.3% during the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after acquiring an additional 690,218 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 602,657 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in DuPont de Nemours by 30.0% during the 4th quarter. Deutsche Bank AG now owns 2,049,602 shares of the basic materials company's stock valued at $156,282,000 after acquiring an additional 472,855 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 0.2%

Shares of DD traded down $0.16 during trading hours on Thursday, hitting $77.67. 1,301,053 shares of the company were exchanged, compared to its average volume of 2,906,521. The firm's 50 day moving average is $73.01 and its 200-day moving average is $71.49. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The company has a market cap of $32.52 billion, a PE ratio of -165.22, a PEG ratio of 1.92 and a beta of 1.06.

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 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 company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the prior year, the business earned $0.97 earnings per share. DuPont de Nemours's revenue for the quarter 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, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced 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 yield of 2.1%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is -348.94%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp increased their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. UBS Group increased their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Royal Bank Of Canada lifted their price objective on DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Morgan Stanley lowered their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $88.25.

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.