Groupama Asset Managment Has $1.71 Million Stake in DuPont de Nemours, Inc. $DD

Key Points

• Groupama Asset Managment has reduced its holdings in DuPont de Nemours by 21.3%, selling 6,244 shares in the first quarter, leaving them with 23,037 shares valued at approximately $1.705 million.
• DuPont de Nemours reported Q2 earnings of $1.12 EPS, exceeding expectations, with a quarterly revenue of $3.26 billion, up 2.7% year-over-year.
• The company declared a quarterly dividend of $0.41 per share, with a dividend yield of 2.2%, despite having a notably negative payout ratio of -348.94%.

Groupama Asset Managment reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 21.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,037 shares of the basic materials company's stock after selling 6,244 shares during the quarter. Groupama Asset Managment's holdings in DuPont de Nemours were worth $1,705,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of DuPont de Nemours in the first quarter worth about $287,000. Bank OZK increased its holdings in shares of DuPont de Nemours by 13.9% in the first quarter. Bank OZK now owns 27,103 shares of the basic materials company's stock worth $2,024,000 after acquiring an additional 3,303 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of DuPont de Nemours in the first quarter worth about $5,751,000. Korea Investment CORP increased its holdings in shares of DuPont de Nemours by 7.1% in the first quarter. Korea Investment CORP now owns 395,932 shares of the basic materials company's stock worth $29,568,000 after acquiring an additional 26,357 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of DuPont de Nemours by 4.3% during the first quarter. Brooklyn Investment Group now owns 5,902 shares of the basic materials company's stock worth $441,000 after buying an additional 243 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

DuPont de Nemours Stock Up 3.6%

DD stock traded up $2.6910 during mid-day trading on Friday, reaching $77.2410. The company had a trading volume of 2,187,807 shares, compared to its average volume of 3,174,665. 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 50 day simple moving average of $72.41 and a two-hundred day simple moving average of $71.48. The company has a market capitalization of $32.34 billion, a price-to-earnings ratio of -164.34, a PEG ratio of 1.86 and a beta of 1.06. 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 posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The business's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. 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, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given 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 dividend payout ratio (DPR) is presently -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.