Cinctive Capital Management LP Purchases New Stake in DuPont de Nemours, Inc. $DD

Key Points

• Cinctive Capital Management LP invested approximately $4.80 million in DuPont de Nemours, acquiring 64,296 shares during the first quarter.
• DuPont de Nemours reported $1.12 earnings per share for the quarter, surpassing analyst expectations of $1.06, with a year-over-year revenue growth of 2.7%.
• The company announced a quarterly dividend of $0.41 per share, with a dividend yield of 2.2%, set to be paid on September 15th.

Cinctive Capital Management LP purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 64,296 shares of the basic materials company's stock, valued at approximately $4,802,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DD. Vermillion Wealth Management Inc. acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $28,000. JNBA Financial Advisors grew its position in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. lifted 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 during the last quarter. Pinney & Scofield Inc. bought a new position in DuPont de Nemours in the fourth quarter worth about $36,000. Finally, WPG Advisers LLC bought a new position in shares of DuPont de Nemours during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

DD stock traded up $0.62 during mid-day trading on Friday, reaching $77.77. The company had a trading volume of 3,374,635 shares, compared to its average volume of 2,365,223. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The stock's 50-day simple moving average is $74.28 and its two-hundred day simple moving average is $71.16. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $32.56 billion, a P/E ratio of -165.46, a P/E/G ratio of 1.94 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued 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. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business 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 $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's payout ratio is -348.94%.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of research reports. Citigroup lifted 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. JPMorgan Chase & Co. increased their price objective 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. Royal Bank Of Canada raised their price target on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Mizuho lifted their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, UBS Group lifted their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.25.

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.