PDT Partners LLC Invests $2.53 Million in DuPont de Nemours, Inc. $DD

Key Points

• PDT Partners LLC acquired a new position in DuPont de Nemours, purchasing 33,817 shares valued at approximately $2.5 million.
• Analysts have raised their price targets for DuPont, with estimates ranging from $85 to $93, indicating strong market confidence.
• DuPont recently announced a quarterly dividend of $0.41 per share, resulting in an annualized yield of 2.1%.

PDT Partners LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 33,817 shares of the basic materials company's stock, valued at approximately $2,525,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in DuPont de Nemours by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company's stock valued at $3,502,090,000 after purchasing an additional 298,408 shares in the last quarter. Nuveen LLC bought a new stake in DuPont de Nemours during the 1st quarter valued at $531,037,000. Price T Rowe Associates Inc. MD raised its position in 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 purchasing an additional 746,364 shares in the last quarter. Bank of New York Mellon Corp raised its position in DuPont de Nemours by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock valued at $249,961,000 after purchasing an additional 37,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in DuPont de Nemours by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company's stock valued at $238,200,000 after purchasing an additional 83,147 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Up 0.8%

NYSE:DD traded up $0.62 during mid-day trading on Friday, hitting $77.77. 3,374,635 shares of the company's stock traded hands, compared to its average volume of 2,365,223. The company has a fifty day moving average of $74.28 and a 200 day moving average of $71.24. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a market capitalization of $32.56 billion, a P/E ratio of -165.46, a P/E/G ratio of 1.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.23 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. 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 forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid 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 payout ratio is presently -348.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DD shares. Wells Fargo & Company lifted their target price on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Citigroup lifted their target price on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Royal Bank Of Canada lifted their target price on DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. UBS Group lifted their target price on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and a consensus target price of $88.25.

About DuPont de Nemours

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.