DuPont de Nemours, Inc. $DD Shares Sold by Amundi

Key Points

• Amundi reduced its holdings in DuPont de Nemours by 14.7%, owning approximately $105.9 million worth of shares after selling 244,623 shares in Q1.
• DuPont announced a quarterly dividend of $0.41 per share, reflecting a 2.1% yield and a payout ratio of -348.94%.
• The company's stock price is currently at $77.77, with a market capitalization of $32.56 billion and analysts giving it a consensus rating of "Moderate Buy".

Amundi lessened its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,418,222 shares of the basic materials company's stock after selling 244,623 shares during the quarter. Amundi owned about 0.34% of DuPont de Nemours worth $105,913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DD. Adage Capital Partners GP L.L.C. raised its stake in DuPont de Nemours by 27.0% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 381,501 shares of the basic materials company's stock valued at $28,490,000 after purchasing an additional 81,000 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in shares of DuPont de Nemours by 1.4% during the first quarter. Federation des caisses Desjardins du Quebec now owns 44,855 shares of the basic materials company's stock worth $3,350,000 after buying an additional 609 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of DuPont de Nemours by 9.9% in the first quarter. EP Wealth Advisors LLC now owns 19,250 shares of the basic materials company's stock valued at $1,438,000 after buying an additional 1,741 shares during the last quarter. PDT Partners LLC purchased a new position in shares of DuPont de Nemours in the first quarter worth about $2,525,000. Finally, Focus Partners Advisor Solutions LLC lifted its stake in shares of DuPont de Nemours by 49.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 9,443 shares of the basic materials company's stock worth $705,000 after buying an additional 3,125 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on DD. Wells Fargo & Company upped their target price on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Citigroup upped their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. KeyCorp raised 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. Royal Bank Of Canada boosted their target price on shares of DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Mizuho increased their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $88.25.

Insiders Place Their Bets

In other news, SVP Steven P. Larrabee sold 25,000 shares of the stock in a transaction dated 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 sale, the senior vice president owned 48,585 shares of the company's stock, valued at approximately $3,716,752.50. This represents a 33.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

DuPont de Nemours Trading Up 2.5%

Shares of DD stock traded up $1.92 during trading hours on Thursday, hitting $78.02. The company had a trading volume of 2,584,720 shares, compared to its average volume of 2,245,959. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The stock has a market capitalization of $32.67 billion, a PE ratio of -165.99, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. The company's fifty day moving average is $74.71 and its 200 day moving average is $71.10. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The firm's quarterly 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. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is -348.94%.

DuPont de Nemours 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.