Panagora Asset Management Inc. Sells 70,247 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Panagora Asset Management Inc. reduced its stake in DuPont de Nemours, Inc. by 10.5%, owning 598,617 shares after selling 70,247 shares during the first quarter.
• DuPont reported earnings of $1.12 per share for the last quarter, exceeding estimates, with a revenue of $3.26 billion, up 2.7% year-over-year.
• The company declared a quarterly dividend of $0.41, set to be paid on September 15th, reflecting a 2.1% dividend yield.

Panagora Asset Management Inc. trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 10.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 598,617 shares of the basic materials company's stock after selling 70,247 shares during the period. Panagora Asset Management Inc. owned approximately 0.14% of DuPont de Nemours worth $44,705,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DD. Vermillion Wealth Management Inc. bought a new stake in DuPont de Nemours in the 4th quarter worth approximately $28,000. JNBA Financial Advisors lifted its stake in DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $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 1st 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 in the last quarter. WPG Advisers LLC purchased a new stake in DuPont de Nemours in the 1st quarter worth $35,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of DuPont de Nemours in the 4th quarter worth about $36,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DD traded up $1.50 during trading hours on Thursday, reaching $77.07. The company's stock had a trading volume of 2,277,674 shares, compared to its average volume of 2,905,812. 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 company's 50-day moving average is $73.95 and its 200-day moving average is $71.33. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The firm has a market cap of $32.27 billion, a PE ratio of -163.95, a price-to-earnings-growth ratio of 1.92 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 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the firm posted $0.97 EPS. The company's revenue for the quarter 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. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.1%. DuPont de Nemours's dividend payout ratio (DPR) is -348.94%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price 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. Royal Bank Of Canada upped their target price 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. Wells Fargo & Company upped 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 report on Monday, July 14th. KeyCorp increased their target price on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Citigroup increased their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus target price of $88.25.

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.