DuPont de Nemours, Inc. $DD Stock Position Decreased by Quarry LP

Key Points

• Quarry LP reduced its holdings in DuPont de Nemours, Inc. by 85.0% during the first quarter, now owning just 1,139 shares valued at $85,000.
• Institutional investors collectively own 73.96% of DuPont's stock, with notable changes from several large investors, including an increase in holdings by JNBA Financial Advisors and Valley National Advisers.
• DuPont's stock received a positive shift in target prices from multiple analysts, with an average rating of "Moderate Buy" and a consensus target price of $88.25.

Quarry LP trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 85.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,139 shares of the basic materials company's stock after selling 6,474 shares during the period. Quarry LP's holdings in DuPont de Nemours were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of DuPont de Nemours in the first quarter worth about $531,037,000. Assenagon Asset Management S.A. lifted its position in DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after acquiring an additional 922,387 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 worth $310,656,000 after acquiring an additional 746,364 shares in the last quarter. GAMMA Investing LLC boosted its holdings in DuPont de Nemours by 7,327.1% in the 1st quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company's stock worth $45,621,000 after acquiring an additional 602,657 shares during the period. Finally, Deutsche Bank AG grew its position in DuPont de Nemours by 30.0% in the fourth quarter. Deutsche Bank AG now owns 2,049,602 shares of the basic materials company's stock valued at $156,282,000 after acquiring an additional 472,855 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DD shares. Mizuho boosted their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. UBS Group lifted 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. Royal Bank Of Canada upped their price objective on shares of DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. KeyCorp raised their target price on 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, Wells Fargo & Company boosted 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. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus target price of $88.25.

DuPont de Nemours Stock Up 0.8%

Shares of DD traded up $0.62 during midday trading on Friday, hitting $77.77. The company had a trading volume of 3,374,635 shares, compared to its average volume of 2,365,223. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of -165.46, a PEG ratio of 1.94 and a beta of 1.07. The company's 50 day moving average price is $74.28 and its 200 day moving average price is $71.16. 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, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $3.26 billion for 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 company's quarterly 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. On average, equities research analysts predict 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. Stockholders of record on Friday, August 29th will be issued 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 is Friday, August 29th. DuPont de Nemours's payout ratio is -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.