State of New Jersey Common Pension Fund D Reduces Stock Position in DuPont de Nemours, Inc. $DD

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in DuPont de Nemours, Inc. by 7.2%, leaving it with 136,374 shares valued at $10.18 million after selling 10,633 shares during the quarter.
• Vanguard Group Inc. increased its holdings in DuPont by 0.6% during the same period, now owning 46.89 million shares worth approximately $3.5 billion.
• DuPont reported a quarterly EPS of $1.12, exceeding estimates, with a revenue of $3.26 billion, indicating a 2.7% year-over-year increase.

State of New Jersey Common Pension Fund D lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,374 shares of the basic materials company's stock after selling 10,633 shares during the period. State of New Jersey Common Pension Fund D's holdings in DuPont de Nemours were worth $10,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of DuPont de Nemours by 19.6% during the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock worth $382,000 after acquiring an additional 822 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of DuPont de Nemours by 11.8% during the fourth quarter. NewEdge Advisors LLC now owns 33,136 shares of the basic materials company's stock worth $2,527,000 after acquiring an additional 3,509 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of DuPont de Nemours by 4.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 403,020 shares of the basic materials company's stock worth $30,719,000 after acquiring an additional 16,235 shares in the last quarter. Forum Financial Management LP increased its position in shares of DuPont de Nemours by 2.6% during the fourth quarter. Forum Financial Management LP now owns 7,985 shares of the basic materials company's stock worth $609,000 after acquiring an additional 201 shares in the last quarter. Finally, Freedom Investment Management Inc. increased its position in shares of DuPont de Nemours by 3.4% during the fourth quarter. Freedom Investment Management Inc. now owns 4,920 shares of the basic materials company's stock worth $375,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Barclays reduced their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. KeyCorp upped their price objective on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Mizuho upped their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and an average price target of $88.25.

DuPont de Nemours Stock Performance

DD traded up $2.6910 during midday trading on Friday, reaching $77.2410. The company had a trading volume of 1,434,287 shares, compared to its average volume of 2,930,396. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The stock has a market cap of $32.34 billion, a PE ratio of -164.34, a P/E/G ratio of 1.85 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 business has a 50-day moving average price of $72.20 and a two-hundred day moving average price of $71.48.

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 for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $3.26 billion for the quarter, compared to analysts' expectations 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 company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company 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. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

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

About DuPont de Nemours

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.