Caxton Associates LLP Takes $1.68 Million Position in DuPont de Nemours, Inc. $DD

Key Points

• Caxton Associates LLP has acquired a new stake in DuPont de Nemours, purchasing 22,528 shares valued at approximately $1.68 million in the first quarter of the year.
• Several other institutional investors, including Vanguard Group and Nuveen LLC, have also increased their holdings in DuPont, which now boasts an institutional ownership of 73.96%.
• Research analysts are optimistic about DuPont’s future, with nine analysts rating the stock as a Buy and setting an average target price of $88.25.

Caxton Associates LLP bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,528 shares of the basic materials company's stock, valued at approximately $1,682,000.

Several other hedge funds also recently made changes to their positions in DD. Nuveen LLC purchased a new stake in DuPont de Nemours during the 1st quarter worth about $531,037,000. Assenagon Asset Management S.A. lifted its holdings in shares of DuPont de Nemours by 87.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after buying an additional 922,387 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of DuPont de Nemours by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company's stock worth $310,656,000 after buying an additional 746,364 shares in the last quarter. GAMMA Investing LLC grew its stake in DuPont de Nemours by 7,327.1% during the first 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in DuPont de Nemours by 18.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,746,267 shares of the basic materials company's stock valued at $209,403,000 after acquiring an additional 433,668 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DD has been the subject of several analyst reports. Citigroup raised their price target on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. UBS Group lifted their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Mizuho upped their target price on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. KeyCorp raised their price target on DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada boosted their price objective on DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $88.25.

DuPont de Nemours Price Performance

DD stock traded down $0.69 during mid-day trading on Friday, hitting $77.30. 1,717,064 shares of the stock were exchanged, compared to its average volume of 2,259,924. The business has a fifty day moving average price of $74.78 and a 200 day moving average price of $70.93. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The stock has a market capitalization of $32.37 billion, a price-to-earnings ratio of -164.47, a PEG ratio of 1.92 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The company had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.DuPont de Nemours's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. 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 year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. DuPont de Nemours's dividend payout ratio (DPR) is currently -348.94%.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 25,000 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $76.50, for a total value of $1,912,500.00. Following the completion of the sale, the senior vice president directly owned 48,585 shares of the company's stock, valued at $3,716,752.50. The trade was a 33.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is currently owned by insiders.

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.