Czech National Bank Boosts Stock Position in DuPont de Nemours, Inc. $DD

Key Points

• Czech National Bank increased its stake in DuPont de Nemours, Inc. by 6.5%, owning 102,296 shares worth approximately $7.02 million as of the last quarter.
• DuPont reported $1.12 earnings per share for the latest quarter, exceeding analysts' expectations and showing a 2.7% increase in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.41 per share, reflecting a 2.1% dividend yield despite a high payout ratio of -348.94%.

Czech National Bank increased its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,296 shares of the basic materials company's stock after buying an additional 6,277 shares during the period. Czech National Bank's holdings in DuPont de Nemours were worth $7,016,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DD. Vanguard Group Inc. increased its holdings in shares of DuPont de Nemours by 0.6% during the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company's stock valued at $3,502,090,000 after acquiring an additional 298,408 shares in the last quarter. Nuveen LLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at $531,037,000. Price T Rowe Associates Inc. MD raised its holdings in DuPont de Nemours by 21.9% during 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 during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of DuPont de Nemours by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock valued at $249,961,000 after buying an additional 37,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of DuPont de Nemours by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company's stock valued at $238,200,000 after buying an additional 83,147 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the sale, the senior vice president directly owned 38,585 shares of the company's stock, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 74,208 shares of company stock valued at $5,714,861 over the last quarter. Company insiders own 0.61% of the company's stock.

DuPont de Nemours Stock Up 0.2%

Shares of DuPont de Nemours stock traded up $0.17 on Friday, reaching $78.27. The company's stock had a trading volume of 6,643,512 shares, compared to its average volume of 2,444,855. The company has a market capitalization of $32.77 billion, a price-to-earnings ratio of -166.53, a P/E/G ratio of 1.94 and a beta of 1.07. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The firm's fifty day simple moving average is $75.05 and its two-hundred day simple moving average is $70.92.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates 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 was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. DuPont de Nemours's dividend payout ratio is presently -348.94%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Mizuho upped their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Citigroup upped their price target on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Royal Bank Of Canada reissued an "outperform" rating and set a $94.00 target price on shares of DuPont de Nemours in a report on Friday. BMO Capital Markets reduced their price objective on shares of DuPont de Nemours from $107.00 to $104.00 and set an "outperform" rating for the company in a research note on Friday. Finally, KeyCorp lifted their price target on DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.58.

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.