Comerica Bank Reduces Position in DuPont de Nemours, Inc. $DD

Key Points

• Comerica Bank has reduced its stake in DuPont de Nemours, Inc. by 4.5%, leaving it with a current holding of 144,616 shares valued at approximately $10.8 million.
• Several hedge funds have altered their positions in DuPont, with Brighton Jones LLC increasing its stake by 19.6%, while Tudor Investment Corp ET AL significantly raised its stake by 3,984.8%.
• DuPont reported a quarterly EPS of $1.12, exceeding estimates of $1.06, with a revenue of $3.26 billion, reflecting a 2.7% increase from the previous year.

Comerica Bank lowered its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,616 shares of the basic materials company's stock after selling 6,885 shares during the quarter. Comerica Bank's holdings in DuPont de Nemours were worth $10,800,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vermillion Wealth Management Inc. bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at $28,000. JNBA Financial Advisors increased its stake in shares of DuPont de Nemours by 132.5% in the 1st 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. increased its stake in shares of DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 248 shares in the last quarter. Pinney & Scofield Inc. bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of DuPont de Nemours by 1,770.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 531 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DD. JPMorgan Chase & Co. boosted their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. UBS Group lifted their price objective on shares of 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 boosted their price target 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. Finally, Morgan Stanley cut their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Stock Performance

NYSE DD traded down $0.61 during trading on Friday, hitting $77.02. 2,676,260 shares of the company's stock traded hands, compared to its average volume of 3,105,095. The stock has a market capitalization of $32.25 billion, a price-to-earnings ratio of -163.88, a PEG ratio of 1.92 and a beta of 1.06. 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 quick ratio of 0.94 and a current ratio of 1.41. The business has a 50 day moving average of $73.45 and a 200-day moving average of $71.40.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results 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. The firm 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%.The company's revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share 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. Stockholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend 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%.

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.