10,050 Shares in DuPont de Nemours, Inc. $DD Bought by Everstar Asset Management LLC

Key Points

• Everstar Asset Management LLC has made a new investment of $751,000 in DuPont de Nemours, Inc., acquiring 10,050 shares during the first quarter.
• DuPont de Nemours reported a quarterly earnings per share (EPS) of $1.12, exceeding the consensus estimate of $1.06, with a revenue of $3.26 billion for the quarter.
• The company will pay a quarterly dividend of $0.41, with an annualized dividend yield of 2.1%, and has a negative dividend payout ratio of -348.94%.

Everstar Asset Management LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,050 shares of the basic materials company's stock, valued at approximately $751,000.

Other hedge funds have also made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $28,000. JNBA Financial Advisors grew its position in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after buying an additional 216 shares during the last quarter. Valley National Advisers Inc. grew its position in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after buying an additional 248 shares during the last quarter. WPG Advisers LLC acquired a new position in DuPont de Nemours in the first quarter worth approximately $35,000. Finally, Pinney & Scofield Inc. acquired a new position in DuPont de Nemours in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Down 0.9%

Shares of NYSE:DD traded down $0.69 during trading on Friday, reaching $77.30. 1,717,064 shares of the company traded hands, compared to its average volume of 2,289,054. The firm has a fifty day simple moving average of $74.78 and a 200 day simple moving average of $71.00. The firm has a market cap of $32.37 billion, a P/E ratio of -164.47, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $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. Analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Insider Activity

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 6,000 shares of DuPont de Nemours stock in a transaction on Friday, September 5th. The shares were sold at an average price of $78.00, for a total transaction of $468,000.00. Following the completion of the sale, the senior vice president owned 42,585 shares of the company's stock, valued at $3,321,630. This trade represents a 12.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on DD shares. JPMorgan Chase & Co. lifted their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. KeyCorp lifted their price target 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 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 report on Friday, August 8th. UBS Group raised their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Citigroup raised their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.25.

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.