Hedges Asset Management LLC Has $782,000 Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Hedges Asset Management LLC has reduced its holdings in DuPont de Nemours, Inc. by 26.9%, currently owning 11,400 shares valued at approximately $782,000.
• DuPont reported a quarterly earnings per share of $1.12, surpassing analysts' expectations of $1.06, with a revenue of $3.26 billion, reflecting a 2.7% year-over-year growth.
• The company announced a quarterly dividend of $0.41 per share, which will be paid out to shareholders on September 15th, representing an annualized yield of 2.1%.

Hedges Asset Management LLC reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 26.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,400 shares of the basic materials company's stock after selling 4,200 shares during the quarter. Hedges Asset Management LLC's holdings in DuPont de Nemours were worth $782,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DD. Nuveen LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter valued at approximately $531,037,000. Assenagon Asset Management S.A. lifted its stake in shares of DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock valued at $147,929,000 after buying an additional 922,387 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of DuPont de Nemours by 21.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company's stock valued at $310,656,000 after buying an additional 746,364 shares in the last quarter. Strs Ohio purchased a new stake in shares of DuPont de Nemours during the 1st quarter valued at approximately $54,934,000. Finally, GAMMA Investing LLC lifted its stake in shares of DuPont de Nemours by 7,327.1% during the 1st quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company's stock valued at $45,621,000 after buying an additional 602,657 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $77.30 on Friday. The firm's fifty day moving average price is $74.78 and its 200-day moving average price is $71.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The stock 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 fifty-two week low of $53.77 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted 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. The firm had revenue of $3.26 billion for the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company 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. 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 Announces Dividend

The business 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 dividend of $0.41 per share. The ex-dividend date 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 (DPR) is -348.94%.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 6,000 shares of the firm's 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 sale, the senior vice president owned 42,585 shares in the company, valued at approximately $3,321,630. This trade represents a 12.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

DD has been the topic of a number of recent research reports. Citigroup upped their price target on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Mizuho increased their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada increased their target price on shares of 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 increased their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, UBS Group increased their target price 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. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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