Northern Trust Corp Sells 236,973 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Northern Trust Corp has reduced its stake in DuPont de Nemours, selling 236,973 shares and holding about 4.69 million shares valued at $350.6 million.
• DuPont's recent earnings report showed $1.12 EPS, surpassing expectations, with revenues of $3.26 billion, an increase of 2.7% from last year.
• The company has announced a quarterly dividend of $0.41, with a dividend yield of 2.2%, to be paid to shareholders of record by August 29.

Northern Trust Corp trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,694,843 shares of the basic materials company's stock after selling 236,973 shares during the quarter. Northern Trust Corp owned about 1.12% of DuPont de Nemours worth $350,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. Hancock Whitney Corp lifted its position in DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after acquiring an additional 143 shares during the last quarter. Ballast Inc. lifted its holdings in shares of DuPont de Nemours by 0.9% during the 1st quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after purchasing an additional 159 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in shares of DuPont de Nemours by 16.9% in the 1st quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock worth $88,000 after purchasing an additional 170 shares in the last quarter. Moody National Bank Trust Division grew its stake in DuPont de Nemours by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock worth $1,440,000 after buying an additional 171 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its position in DuPont de Nemours by 3.6% during the 1st quarter. HBK Sorce Advisory LLC now owns 5,096 shares of the basic materials company's stock valued at $381,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank Of Canada raised their price target on DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Barclays decreased their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley dropped their target price on shares of 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. KeyCorp upped their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Mizuho lifted their price objective 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. Nine equities research 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Stock Up 0.9%

DD stock opened at $74.4540 on Thursday. The firm's fifty day simple moving average is $72.08 and its 200-day simple moving average is $71.49. The company has a market capitalization of $31.18 billion, a P/E ratio of -158.41, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. 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 issued its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $3.26 billion during 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 firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $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 research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current 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 issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's 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.

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