Sciencast Management LP Sells 27,619 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Sciencast Management LP significantly decreased its holdings in DuPont by 70.1%, reducing their shares to 11,757 after selling 27,619 shares in the first quarter.
• Several institutional investors, including Nuveen LLC and Assenagon Asset Management S.A., made substantial investments in DuPont, indicating strong interest with institutional ownership at 73.96%.
• Analysts have raised their price targets for DuPont, with a consensus rating of "Moderate Buy" and a target price of $88.25, reflecting overall positive expectations for the company's performance.

Sciencast Management LP cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 70.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,757 shares of the basic materials company's stock after selling 27,619 shares during the period. Sciencast Management LP's holdings in DuPont de Nemours were worth $878,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have issued reports on DD. Wells Fargo & Company upped their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Mizuho upped their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada upped their target price on shares of DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. UBS Group upped their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, KeyCorp raised their price objective on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Stock Down 0.9%

DD stock traded down $0.69 during trading hours on Friday, reaching $77.30. 1,717,064 shares of the stock were exchanged, compared to its average volume of 2,259,924. The firm's 50-day moving average is $74.78 and its 200-day moving average is $70.93. The company has a market cap of $32.37 billion, a price-to-earnings ratio of -164.47, a PEG ratio of 1.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released 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. The firm had revenue of $3.26 billion during 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 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. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is -348.94%.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 25,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $76.50, for a total transaction of $1,912,500.00. Following the completion of the transaction, the senior vice president owned 48,585 shares in the company, valued at approximately $3,716,752.50. This represents a 33.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company's stock.

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.