Hsbc Holdings PLC Sells 268,877 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Hsbc Holdings PLC reduced its stake in DuPont de Nemours, Inc. by 23.6%, selling 268,877 shares and retaining approximately 0.21% ownership, valued at around $65 million.
• DuPont recently declared a quarterly dividend of $0.41 per share, with an annualized yield of 2.2%, set to be paid on September 15th.
• DuPont de Nemours reported earnings of $1.12 per share, exceeding analysts' estimates, along with a quarterly revenue of $3.26 billion, marking a 2.7% increase year-over-year.

Hsbc Holdings PLC reduced its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 872,153 shares of the basic materials company's stock after selling 268,877 shares during the period. Hsbc Holdings PLC owned approximately 0.21% of DuPont de Nemours worth $65,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $531,037,000. Assenagon Asset Management S.A. grew its position in 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 worth $147,929,000 after acquiring an additional 922,387 shares during the last quarter. Northern Trust Corp grew its position in DuPont de Nemours by 16.3% during the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after acquiring an additional 690,218 shares during the last quarter. GAMMA Investing LLC grew its position in 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 worth $45,621,000 after acquiring an additional 602,657 shares during the last quarter. Finally, Deutsche Bank AG grew its position in DuPont de Nemours by 30.0% during the 4th quarter. Deutsche Bank AG now owns 2,049,602 shares of the basic materials company's stock worth $156,282,000 after acquiring an additional 472,855 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 0.1%

NYSE:DD opened at $74.5260 on Friday. The stock's fifty day moving average price is $72.20 and its two-hundred day moving average price is $71.48. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. 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 company has a market cap of $31.21 billion, a price-to-earnings ratio of -158.57, a P/E/G ratio of 1.85 and a beta of 1.06.

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. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The firm's quarterly 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. On average, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business 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 $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is currently -348.94%.

Analyst Ratings Changes

A number of research firms recently commented on DD. Wells Fargo & Company increased their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Barclays decreased their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley decreased their price target on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Mizuho upped their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upped 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. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Company 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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