Focus Partners Wealth Acquires 32,332 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Focus Partners Wealth increased its holdings in DuPont de Nemours, acquiring an additional 32,332 shares, bringing its total to 387,899 shares, valued at approximately $28.97 million.
• Analysts have raised their price targets on DuPont shares, with Citigroup setting a new target of $85.00 and JPMorgan increasing theirs to $93.00, reflecting a consensus rating of "Moderate Buy."
• DuPont announced a quarterly dividend of $0.41 per share, with the payment date set for September 15th, which translates to an annual yield of around 2.1%.

Focus Partners Wealth boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,899 shares of the basic materials company's stock after buying an additional 32,332 shares during the quarter. Focus Partners Wealth owned approximately 0.09% of DuPont de Nemours worth $28,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Summit Financial LLC increased its position in DuPont de Nemours by 3.7% during the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock valued at $304,000 after purchasing an additional 146 shares during the period. Ballast Inc. increased its position in DuPont de Nemours by 0.9% during the 1st quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after purchasing an additional 159 shares during the period. GHP Investment Advisors Inc. increased its position in DuPont de Nemours by 16.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock valued at $88,000 after purchasing an additional 170 shares during the period. Moody National Bank Trust Division increased its position in DuPont de Nemours by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock valued at $1,440,000 after purchasing an additional 171 shares during the period. Finally, HBK Sorce Advisory LLC increased its position in DuPont de Nemours by 3.6% during the 1st quarter. HBK Sorce Advisory LLC now owns 5,096 shares of the basic materials company's stock valued at $381,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup increased their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. raised their price objective 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. Royal Bank Of Canada raised their price objective 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. Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, 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 report on Monday, July 21st. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.25.

Insiders Place Their Bets

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 25,000 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $76.50, for a total transaction of $1,912,500.00. Following the transaction, the senior vice president directly owned 48,585 shares in the company, valued at approximately $3,716,752.50. This trade represents a 33.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company's stock.

DuPont de Nemours Stock Performance

NYSE DD opened at $78.02 on Friday. The company has a fifty day simple moving average of $74.71 and a 200 day simple moving average of $71.10. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a market cap of $32.67 billion, a P/E ratio of -165.99, a PEG ratio of 1.89 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. During the same period last year, the business earned $0.97 EPS. The business'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. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed 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 is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.1%. DuPont de Nemours's dividend payout ratio (DPR) 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.

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