HighTower Advisors LLC Sells 230,961 Shares of DuPont de Nemours, Inc. $DD

Key Points

• HighTower Advisors LLC reduced its holdings in DuPont de Nemours, Inc. by 60.2%, owning 152,679 shares after selling 230,961 shares during the first quarter.
• Vanguard Group Inc. and other hedge funds increased their stakes in DuPont during the same period, highlighting the ongoing interest from institutional investors.
• DuPont de Nemours recently announced a quarterly dividend of $0.41 per share, which indicates an annualized dividend yield of 2.2%.

HighTower Advisors LLC lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 60.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,679 shares of the basic materials company's stock after selling 230,961 shares during the period. HighTower Advisors LLC's holdings in DuPont de Nemours were worth $11,402,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Hancock Whitney Corp boosted its holdings in shares of DuPont de Nemours by 2.6% during the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after buying an additional 143 shares in the last quarter. Ballast Inc. raised its position in shares of DuPont de Nemours by 0.9% in the 1st quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock worth $1,326,000 after purchasing an additional 159 shares during the last quarter. Freedom Investment Management Inc. raised its position in shares of DuPont de Nemours by 3.4% in the 4th quarter. Freedom Investment Management Inc. now owns 4,920 shares of the basic materials company's stock worth $375,000 after purchasing an additional 164 shares during the last quarter. GHP Investment Advisors Inc. raised its position in shares of DuPont de Nemours by 16.9% in the 1st quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock worth $88,000 after purchasing an additional 170 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of DuPont de Nemours by 0.9% in the 1st quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock worth $1,440,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

DD has been the subject of several recent analyst reports. UBS Group lifted their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. KeyCorp lifted their price target on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Morgan Stanley lowered their price target 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. Citigroup lifted their price target on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, Royal Bank Of Canada boosted their target price on DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $88.25.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $2.6790 during trading hours on Friday, reaching $77.2290. 603,665 shares of the stock traded hands, compared to its average volume of 2,925,019. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The firm has a market capitalization of $32.34 billion, a price-to-earnings ratio of -164.52, a P/E/G ratio of 1.85 and a beta of 1.06. 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 company has a 50 day moving average price of $72.20 and a 200 day moving average price of $71.48.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business's revenue for the quarter 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. On average, equities 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 firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend yield of 2.1%. 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.