Credit Agricole S A Has $10.93 Million Stock Position in DuPont de Nemours, Inc. $DD

Key Points

• Credit Agricole S A increased its position in DuPont de Nemours, Inc. by 28.7% in Q1, holding 146,342 shares valued at approximately $10.93 million.
• Several institutional investors, including Ritholtz Wealth Management and Sequoia Financial Advisors, also significantly boosted their holdings in DuPont during the same period.
• DuPont de Nemours announced a quarterly dividend of $0.41 per share, yielding 2.2%, with the payment set for September 15th.

Credit Agricole S A grew its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 28.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,342 shares of the basic materials company's stock after buying an additional 32,619 shares during the quarter. Credit Agricole S A's holdings in DuPont de Nemours were worth $10,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritholtz Wealth Management boosted its holdings in shares of DuPont de Nemours by 48.8% in the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock worth $333,000 after buying an additional 1,464 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of DuPont de Nemours by 334.4% during the first quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock worth $19,122,000 after purchasing an additional 197,115 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of DuPont de Nemours by 6.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock worth $6,003,000 after purchasing an additional 4,995 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of DuPont de Nemours by 11.8% during the first quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock worth $4,069,000 after purchasing an additional 5,751 shares during the period. Finally, Summit Trail Advisors LLC boosted its holdings in shares of DuPont de Nemours by 37.4% during the first quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock worth $1,787,000 after purchasing an additional 6,509 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on DD. Barclays decreased their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. KeyCorp raised their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. UBS Group raised their price target 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. Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average target price of $88.25.

DuPont de Nemours Trading Up 0.9%

NYSE:DD opened at $74.4540 on Thursday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The firm has a market cap of $31.18 billion, a price-to-earnings ratio of -158.41, a P/E/G ratio of 1.84 and a beta of 1.06. 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 company's 50 day moving average is $72.08 and its 200-day moving average is $71.49.

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 (EPS) for the quarter, topping 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 analyst estimates of $3.23 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. DuPont de Nemours'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. Equities 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 given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. DuPont de Nemours's payout ratio is -348.94%.

About DuPont de Nemours

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.