Alliancebernstein L.P. Sells 17,421 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Alliancebernstein L.P. reduced its stake in DuPont de Nemours by 3.4%, owning approximately 0.12% of the company worth $36.49 million after selling 17,421 shares in Q1.
• Multiple analysts have raised their price targets on DuPont de Nemours, with KeyCorp increasing its target from $87.00 to $92.00 and Citigroup from $75.00 to $85.00, reflecting a consensus rating of "Moderate Buy."
• DuPont de Nemours reported earnings of $1.12 per share for Q2, exceeding expectations and representing a 2.7% increase in revenue compared to the same quarter last year.

Alliancebernstein L.P. lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 488,612 shares of the basic materials company's stock after selling 17,421 shares during the quarter. Alliancebernstein L.P. owned 0.12% of DuPont de Nemours worth $36,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new stake in DuPont de Nemours during the 4th quarter valued at approximately $28,000. JNBA Financial Advisors increased its position in DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares during the period. Valley National Advisers Inc. increased its position in DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 248 shares during the period. Pinney & Scofield Inc. acquired a new stake in DuPont de Nemours during the 4th quarter valued at approximately $36,000. Finally, WPG Advisers LLC acquired a new stake in DuPont de Nemours during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Down 0.9%

NYSE DD traded down $0.69 during mid-day trading on Friday, hitting $77.30. The company's stock had a trading volume of 1,717,064 shares, compared to its average volume of 2,289,054. The company's 50 day simple moving average is $74.78 and its 200 day simple moving average is $71.00. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve 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 has a market capitalization of $32.37 billion, a price-to-earnings ratio of -164.47, a PEG ratio of 1.94 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results 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. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the firm posted $0.97 EPS. DuPont de Nemours's revenue was up 2.7% compared to the same quarter last year. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on DD shares. UBS Group increased their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Citigroup increased their price target on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Wells Fargo & Company increased their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, KeyCorp increased their price target on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $88.25.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 25,000 shares of DuPont de Nemours stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $76.50, for a total transaction of $1,912,500.00. Following the transaction, the senior vice president directly owned 48,585 shares of the company's stock, valued at $3,716,752.50. The trade was a 33.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

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.