AlphaQuest LLC Buys 3,775 Shares of DuPont de Nemours, Inc. $DD

Key Points

• AlphaQuest LLC increased its stake in DuPont de Nemours by 13.2%, owning 32,343 shares worth $2.41 million as of the latest SEC filing.
• DuPont reported Q2 earnings of $1.12 per share, beating estimates, with revenue of $3.26 billion, up 2.7% year-over-year.
• Analysts have upgraded DuPont's stock price targets, with an average target of $88.25, reflecting a moderate buy rating consensus.

AlphaQuest LLC boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,343 shares of the basic materials company's stock after acquiring an additional 3,775 shares during the quarter. AlphaQuest LLC's holdings in DuPont de Nemours were worth $2,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hancock Whitney Corp increased its stake in shares of DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock worth $429,000 after purchasing an additional 143 shares during the period. Summit Financial LLC increased its stake in shares of DuPont de Nemours by 3.7% during the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock worth $304,000 after purchasing an additional 146 shares during the period. Ballast Inc. increased its stake in shares of DuPont de Nemours by 0.9% during the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock worth $1,326,000 after purchasing an additional 159 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of DuPont de Nemours by 16.9% during the first quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock worth $88,000 after purchasing an additional 170 shares during the period. Finally, Moody National Bank Trust Division increased its stake in shares of DuPont de Nemours by 0.9% during the first quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock worth $1,440,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Price Performance

NYSE:DD traded up $0.31 on Wednesday, hitting $77.61. The company had a trading volume of 683,065 shares, compared to its average volume of 2,911,032. The stock has a market capitalization of $32.50 billion, a price-to-earnings ratio of -165.30, a PEG ratio of 1.92 and a beta of 1.06. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $72.79 and a two-hundred day moving average of $71.45. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06.

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 the consensus estimate of $1.06 by $0.06. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate 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 firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior 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. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley lowered their target price on 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. Royal Bank Of Canada raised their target price on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Mizuho raised their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. raised 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. Nine investment 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 an average rating of "Moderate Buy" and an average price target of $88.25.

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.