DuPont de Nemours, Inc. $DD Shares Bought by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. increased its stake in DuPont de Nemours by 2.4%, owning 199,505 shares valued at approximately $14.9 million as of the last quarter.
• DuPont de Nemours reported a quarterly earnings per share (EPS) of $1.12, exceeding analysts' estimates, alongside a revenue increase of 2.7% year-over-year to $3.26 billion.
• The company plans to pay a quarterly dividend of $0.41 per share on September 15, 2023, with a dividend yield of 2.1%.

1832 Asset Management L.P. lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,505 shares of the basic materials company's stock after acquiring an additional 4,679 shares during the quarter. 1832 Asset Management L.P.'s holdings in DuPont de Nemours were worth $14,899,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Norinchukin Bank The boosted its position in DuPont de Nemours by 17.3% during the first quarter. Norinchukin Bank The now owns 24,750 shares of the basic materials company's stock worth $1,848,000 after purchasing an additional 3,648 shares in the last quarter. CW Advisors LLC raised its stake in shares of DuPont de Nemours by 14.4% during the 1st quarter. CW Advisors LLC now owns 105,102 shares of the basic materials company's stock worth $7,858,000 after buying an additional 13,240 shares during the last quarter. Summit Financial LLC boosted its position in shares of DuPont de Nemours by 3.7% in the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock worth $304,000 after buying an additional 146 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of DuPont de Nemours by 21.9% in 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. Finally, Capital Analysts LLC grew its stake in DuPont de Nemours by 13.2% in the 1st quarter. Capital Analysts LLC now owns 6,149 shares of the basic materials company's stock valued at $459,000 after acquiring an additional 718 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 3.6%

Shares of DD opened at $77.2410 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a market capitalization of $32.34 billion, a PE ratio of -164.34, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06. The stock has a fifty day moving average of $72.41 and a two-hundred day moving average of $71.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced 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. 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 positive return on equity of 7.85% and a negative net margin of 1.54%.The business's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. 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, analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on DD. Morgan Stanley cut their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Citigroup raised their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Mizuho upped their target price on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. raised their price target on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, UBS Group boosted their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and a consensus 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.

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