Price T Rowe Associates Inc. MD Purchases 746,364 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Price T Rowe Associates Inc. MD increased its holdings in DuPont de Nemours, Inc. by 21.9% in Q1, owning approximately 4.16 million shares worth $310.66 million.
• DuPont de Nemours reported $1.12 EPS for the last quarter, exceeding analysts' expectations and experiencing a 2.7% annual revenue growth.
• The company has announced a quarterly dividend of $0.41 per share, with an upcoming ex-dividend date on August 29, reflecting an annual yield of 2.1%.

Price T Rowe Associates Inc. MD grew its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 21.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,159,807 shares of the basic materials company's stock after acquiring an additional 746,364 shares during the period. Price T Rowe Associates Inc. MD owned 0.99% of DuPont de Nemours worth $310,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Analysts LLC boosted its position in DuPont de Nemours by 13.2% during the first quarter. Capital Analysts LLC now owns 6,149 shares of the basic materials company's stock valued at $459,000 after purchasing an additional 718 shares during the last quarter. Credit Agricole S A boosted its position in DuPont de Nemours by 28.7% during the first quarter. Credit Agricole S A now owns 146,342 shares of the basic materials company's stock valued at $10,929,000 after purchasing an additional 32,619 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in DuPont de Nemours by 4.5% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,988 shares of the basic materials company's stock valued at $671,000 after purchasing an additional 386 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of DuPont de Nemours in the first quarter valued at $287,000. Finally, Bank OZK grew its stake in shares of DuPont de Nemours by 13.9% in the first quarter. Bank OZK now owns 27,103 shares of the basic materials company's stock valued at $2,024,000 after buying an additional 3,303 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DD shares. Mizuho raised their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Citigroup boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, UBS Group boosted their price objective 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. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $88.25.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $0.64 during trading on Wednesday, reaching $77.94. The company's stock had a trading volume of 1,606,924 shares, compared to its average volume of 2,917,392. The business's 50-day moving average price is $72.79 and its 200-day moving average price is $71.45. The firm has a market cap of $32.63 billion, a PE ratio of -165.82, a P/E/G ratio of 1.92 and a beta of 1.06. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week 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.

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 analysts' consensus estimates of $1.06 by $0.06. The company 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%. DuPont de Nemours's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's 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.