Dorsey & Whitney Trust CO LLC Decreases Stock Position in DuPont de Nemours, Inc. $DD

Key Points

• Dorsey & Whitney Trust CO LLC reduced its stake in DuPont de Nemours, Inc. by 46.3%, owning 27,850 shares worth $2.08 million after selling 23,997 shares in the first quarter.
• Several analysts have mixed outlooks on DuPont, with Barclays cutting its price target from $89 to $73, while JPMorgan raised it from $78 to $93, leading to a consensus rating of "Moderate Buy" with a target of $88.25.
• DuPont recently declared a quarterly dividend of $0.41, representing an annualized dividend yield of 2.2%, despite a significant negative dividend payout ratio.

Dorsey & Whitney Trust CO LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 46.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,850 shares of the basic materials company's stock after selling 23,997 shares during the quarter. Dorsey & Whitney Trust CO LLC's holdings in DuPont de Nemours were worth $2,080,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DD. Ritholtz Wealth Management grew its holdings in DuPont de Nemours by 48.8% during the 1st quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock valued at $333,000 after purchasing an additional 1,464 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake 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 valued at $19,122,000 after buying an additional 197,115 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of DuPont de Nemours by 6.6% in 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 buying an additional 4,995 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of DuPont de Nemours by 11.8% in the first quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock worth $4,069,000 after buying an additional 5,751 shares during the period. Finally, Summit Trail Advisors LLC lifted its stake in shares of DuPont de Nemours by 37.4% during the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock worth $1,787,000 after acquiring an additional 6,509 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DD shares. Barclays cut their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note 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 company a "buy" rating in a report on Monday, July 21st. Finally, Morgan Stanley dropped their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Stock Up 0.9%

Shares of DuPont de Nemours stock opened at $74.4540 on Thursday. 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 cap of $31.18 billion, a price-to-earnings ratio of -158.41, a PEG ratio of 1.84 and a beta of 1.06. The firm's 50-day moving average is $72.08 and its two-hundred day moving average is $71.49. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06.

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, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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. As a group, research analysts expect 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. DuPont de Nemours's dividend payout ratio (DPR) is currently -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.

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