Aberdeen Group plc Has $32.90 Million Stock Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Aberdeen Group plc reduced its stake in DuPont de Nemours by 2.0% during the first quarter, owning approximately 443,319 shares worth $32.9 million at the end of the period.
• A number of analysts have raised their price targets on DuPont de Nemours, with Royal Bank of Canada increasing its price objective from $93.00 to $94.00 and Citigroup raising theirs from $75.00 to $85.00.
• DuPont de Nemours recently announced a quarterly dividend of $0.41 per share, which will be paid on September 15th, with a dividend yield of 2.2%.

Aberdeen Group plc trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 443,319 shares of the basic materials company's stock after selling 9,183 shares during the quarter. Aberdeen Group plc owned 0.11% of DuPont de Nemours worth $32,901,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ritholtz Wealth Management increased its position in shares of DuPont de Nemours by 48.8% during the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock valued at $333,000 after acquiring an additional 1,464 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of DuPont de Nemours by 334.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock worth $19,122,000 after buying an additional 197,115 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of DuPont de Nemours by 6.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock worth $6,003,000 after buying an additional 4,995 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of DuPont de Nemours by 11.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock worth $4,069,000 after acquiring an additional 5,751 shares during the period. Finally, Summit Trail Advisors LLC increased its position in DuPont de Nemours by 37.4% during the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock worth $1,787,000 after purchasing an additional 6,509 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Mizuho upped their target price on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada increased their price objective on DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Wells Fargo & Company raised 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. KeyCorp lifted their price objective on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Morgan Stanley cut their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.25.

DuPont de Nemours Price Performance

Shares of NYSE:DD traded up $2.8850 during trading on Friday, reaching $77.4350. 787,753 shares of the company traded hands, compared to its average volume of 2,926,412. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $32.42 billion, a PE ratio of -164.76, a PEG ratio of 1.85 and a beta of 1.06. The company's 50 day moving average is $72.20 and its two-hundred day moving average is $71.48. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 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 period in the previous year, the business earned $0.97 earnings per share. The company's revenue was up 2.7% on a year-over-year basis. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend 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%.

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.