DuPont de Nemours, Inc. $DD Shares Bought by State Street Corp

Key Points

• State Street more than doubled its DuPont stake in the second quarter, buying 26.2 million additional shares to hold about 33.28% of the company. Institutional investors collectively own 73.96% of DuPont.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $166.60, despite one sell and four hold ratings.
• DuPont beat quarterly earnings and revenue estimates, reporting $1.88 in EPS on $1.82 billion in revenue, while its stock recently traded at $131.75. The company’s quarterly dividend equates to a 1.8% yield, though its payout ratio is high at 533.33%.

State Street Corp increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 140.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,941,824 shares of the basic materials company's stock after buying an additional 26,238,300 shares during the quarter. State Street Corp owned about 33.28% of DuPont de Nemours worth $6,095,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Ancora Advisors LLC acquired a new stake in shares of DuPont de Nemours during the second quarter worth $8,317,000. Cullen Capital Management LLC acquired a new position in DuPont de Nemours in the 2nd quarter valued at $2,081,000. Boussard & Gavaudan Gestion Sas purchased a new position in DuPont de Nemours during the 2nd quarter worth $4,912,000. Groupe la Francaise purchased a new position in DuPont de Nemours during the 2nd quarter worth $1,394,000. Finally, Nykredit A S acquired a new stake in shares of DuPont de Nemours in the 2nd quarter worth $5,657,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DD shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of DuPont de Nemours in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $171.00 to $172.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Zacks Research downgraded DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. Citigroup lifted their price target on DuPont de Nemours from $168.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. Finally, UBS Group upped their price objective on DuPont de Nemours from $175.00 to $178.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and an average price target of $166.60.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded up $1.97 during mid-day trading on Tuesday, reaching $131.75. The company had a trading volume of 385,776 shares, compared to its average volume of 1,412,784. The stock's 50-day simple moving average is $136.48 and its 200-day simple moving average is $138.91. DuPont de Nemours, Inc. has a 1 year low of $92.49 and a 1 year high of $157.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.82. The company has a market capitalization of $17.79 billion, a P/E ratio of 293.10, a P/E/G ratio of 1.18 and a beta of 1.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.12. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%.The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. The company's revenue was up 4.0% compared to the same quarter last year. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, equities analysts predict that DuPont de Nemours, Inc. will post 7.27 EPS for the current year.

DuPont de Nemours Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a $0.60 dividend. The ex-dividend date was Monday, August 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. DuPont de Nemours's dividend payout ratio (DPR) is currently 533.33%.

About DuPont de Nemours

DuPont de Nemours, Inc is a global materials science company headquartered in Wilmington, Delaware. The company develops engineered materials and specialty products used in electronics, transportation, construction, healthcare, water treatment, and industrial applications.

Its offerings include semiconductor and advanced packaging materials, engineering polymers, specialty resins, water purification and separation technologies, and protective materials and solutions. DuPont's products are sold to manufacturers, industrial customers, and other businesses across North America, Europe, Asia-Pacific, and other international markets.

The company was formed in 2019 following the separation of DowDuPont into independent companies, including DuPont, Dow, and Corteva.

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