Kera Capital Partners Inc. Buys New Shares in DuPont de Nemours, Inc. $DD

Key Points

• Kera Capital Partners Inc. acquired a new stake in DuPont de Nemours, purchasing 6,501 shares valued at approximately $446,000 during the second quarter.
• Analysts have recently increased their price targets for DuPont de Nemours, with Royal Bank Of Canada setting a new target of $94.00, reflecting a bullish outlook with an average target price of $88.25 across analysts.
• DuPont de Nemours declared a quarterly dividend of $0.41 per share, representing an annualized dividend yield of 2.1%, and disclosed a negative payout ratio of -348.94%.

Kera Capital Partners Inc. bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,501 shares of the basic materials company's stock, valued at approximately $446,000.

A number of other large investors also recently modified their holdings of the company. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of DuPont de Nemours during the 1st quarter valued at $1,321,000. Voya Investment Management LLC lifted its stake in DuPont de Nemours by 2.2% in the 1st quarter. Voya Investment Management LLC now owns 1,607,283 shares of the basic materials company's stock worth $120,032,000 after purchasing an additional 34,133 shares in the last quarter. Drummond Knight Asset Management Pty Ltd purchased a new stake in DuPont de Nemours in the 1st quarter worth $25,307,000. Modern Wealth Management LLC lifted its stake in DuPont de Nemours by 7.7% in the 1st quarter. Modern Wealth Management LLC now owns 3,813 shares of the basic materials company's stock worth $285,000 after purchasing an additional 272 shares in the last quarter. Finally, Strs Ohio purchased a new stake in DuPont de Nemours in the 1st quarter worth $54,934,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on DD shares. Royal Bank Of Canada boosted 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 note on Friday, August 8th. Mizuho boosted their price target 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. Citigroup boosted their price target 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. UBS Group boosted their price target 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, KeyCorp boosted 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 note on Wednesday, August 6th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $88.25.

Insider Buying and Selling

In related news, SVP Steven P. Larrabee sold 25,000 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were 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 represents a 33.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $77.30 on Friday. The company's 50-day moving average price is $74.78 and its 200-day moving average price is $71.07. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month 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. The company has a market cap of $32.37 billion, a PE ratio of -164.47, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm 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 forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.