Korea Investment CORP Has $29.57 Million Stock Position in DuPont de Nemours, Inc. $DD

Key Points

• Korea Investment CORP increased its stake in DuPont de Nemours, Inc. by 7.1% during the 1st quarter, acquiring an additional 26,357 shares to reach a total of 395,932 shares valued at approximately $29.57 million.
• DuPont reported quarterly earnings of $1.12 EPS, beating analysts' estimates of $1.06, along with a revenue of $3.26 billion, which exceeded expectations.
• The company has announced a quarterly dividend of $0.41 per share, reflecting an annualized dividend of $1.64 and a yield of 2.2%, with the payment set for September 15th.

Korea Investment CORP increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 395,932 shares of the basic materials company's stock after buying an additional 26,357 shares during the period. Korea Investment CORP owned 0.09% of DuPont de Nemours worth $29,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Vanguard Group Inc. grew its position in shares of DuPont de Nemours by 0.6% in the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company's stock valued at $3,502,090,000 after purchasing an additional 298,408 shares during the last quarter. Nuveen LLC bought a new stake in shares of DuPont de Nemours during the first quarter worth about $531,037,000. Northern Trust Corp lifted its position in shares of DuPont de Nemours by 16.3% during the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after buying an additional 690,218 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of DuPont de Nemours by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock valued at $260,276,000 after buying an additional 336,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in DuPont de Nemours by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock worth $249,961,000 after acquiring an additional 37,327 shares during the period. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DD. Mizuho boosted their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. UBS Group raised their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Barclays cut their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada lifted their price target on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Trading Up 3.6%

DD stock traded up $2.6910 during trading on Friday, reaching $77.2410. 2,187,807 shares of the stock were exchanged, compared to its average volume of 3,174,665. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The firm has a market capitalization of $32.34 billion, a price-to-earnings ratio of -164.34, a P/E/G ratio of 1.86 and a beta of 1.06. The business has a 50 day moving average price of $72.41 and a 200-day moving average price of $71.48. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $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, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

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