Public Sector Pension Investment Board Sells 163,313 Shares of DuPont de Nemours, Inc. $DD

Public Sector Pension Investment Board lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 74.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,953 shares of the basic materials company's stock after selling 163,313 shares during the period. Public Sector Pension Investment Board's holdings in DuPont de Nemours were worth $4,253,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. AIA Group Ltd bought a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $713,000. Ballast Inc. raised its position in shares of DuPont de Nemours by 0.9% in the 1st quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock worth $1,326,000 after acquiring an additional 159 shares in the last quarter. SouthState Corp raised its position in shares of DuPont de Nemours by 171.7% in the 1st quarter. SouthState Corp now owns 7,772 shares of the basic materials company's stock worth $580,000 after acquiring an additional 4,912 shares in the last quarter. Nuveen LLC bought a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $531,037,000. Finally, Virtu Financial LLC raised its position in shares of DuPont de Nemours by 23.7% in the 1st quarter. Virtu Financial LLC now owns 23,814 shares of the basic materials company's stock worth $1,778,000 after acquiring an additional 4,567 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DD. JPMorgan Chase & Co. increased their target price 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. UBS Group upped their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wells Fargo & Company upped their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Morgan Stanley cut their price target 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. Finally, Mizuho upped their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target of $88.25.

DuPont de Nemours Stock Down 0.3%

DD stock traded down $0.2550 during midday trading on Thursday, hitting $74.2250. The company's stock had a trading volume of 1,090,678 shares, compared to its average volume of 2,932,715. The company has a market cap of $31.08 billion, a PE ratio of -158.00, a P/E/G ratio of 1.84 and a beta of 1.06. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. 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's 50-day moving average is $72.08 and its 200-day moving average is $71.49.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $3.26 billion for 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 firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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 forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal 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 given 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 2.2%. DuPont de Nemours's dividend payout ratio is -348.94%.

DuPont de Nemours Company 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.