NFJ Investment Group LLC Buys 12,476 Shares of DuPont de Nemours, Inc. $DD

Key Points

• NFJ Investment Group LLC increased its stake in DuPont de Nemours, Inc. by 14.6%, holding 98,054 shares worth approximately $7.32 million.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have also increased their positions, with institutional ownership now at 73.96%.
• DuPont recently announced a quarterly dividend of $0.41 per share, representing an annual yield of 2.1%, despite a payout ratio of -348.94%.

NFJ Investment Group LLC grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 14.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 98,054 shares of the basic materials company's stock after acquiring an additional 12,476 shares during the period. NFJ Investment Group LLC's holdings in DuPont de Nemours were worth $7,323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DD. Vermillion Wealth Management Inc. purchased a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $28,000. JNBA Financial Advisors grew its stake in shares of DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after buying an additional 216 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after buying an additional 248 shares during the last quarter. WPG Advisers LLC purchased a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $35,000. Finally, Pinney & Scofield Inc. purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

DD has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. UBS Group upped their price target on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wells Fargo & Company upped their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. KeyCorp upped their price target on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, Citigroup upped their price target on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Stock Up 0.8%

DD stock traded up $0.62 during midday trading on Friday, hitting $77.77. The company's stock had a trading volume of 3,374,635 shares, compared to its average volume of 2,383,717. The firm's 50-day moving average is $74.28 and its 200-day moving average is $71.08. The company has a market cap of $32.56 billion, a PE ratio of -165.46, a P/E/G ratio of 1.94 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) 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 positive return on equity of 7.85% and a negative net margin of 1.54%.The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business 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 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is -348.94%.

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.