Rafferty Asset Management LLC Reduces Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Rafferty Asset Management LLC reduced its position in DuPont de Nemours by 20.5%, holding worth approximately $2.15 million after selling 7,448 shares in the 1st quarter.
• DuPont de Nemours reported $1.12 EPS for the last quarter, surpassing estimates, with a revenue of $3.26 billion, reflecting a 2.7% year-over-year increase.
• The company announced a quarterly dividend of $0.41 per share, translating to an annualized yield of 2.1%, with a payout ratio currently at an impressive -348.94%.

Rafferty Asset Management LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 20.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,828 shares of the basic materials company's stock after selling 7,448 shares during the quarter. Rafferty Asset Management LLC's holdings in DuPont de Nemours were worth $2,153,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Summit Financial LLC grew its holdings in DuPont de Nemours by 3.7% during the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock valued at $304,000 after buying an additional 146 shares during the last quarter. Ballast Inc. boosted its stake in shares of DuPont de Nemours by 0.9% during the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after acquiring an additional 159 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of DuPont de Nemours by 16.9% during the first quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock valued at $88,000 after acquiring an additional 170 shares during the last quarter. Moody National Bank Trust Division raised its stake in DuPont de Nemours by 0.9% in the 1st quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock valued at $1,440,000 after purchasing an additional 171 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in DuPont de Nemours by 3.6% in the 1st quarter. HBK Sorce Advisory LLC now owns 5,096 shares of the basic materials company's stock valued at $381,000 after purchasing an additional 176 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 1.3%

Shares of DD stock traded up $0.98 during mid-day trading on Thursday, reaching $76.55. The company's stock had a trading volume of 2,084,869 shares, compared to its average volume of 2,904,496. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $32.05 billion, a PE ratio of -162.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. The company's 50 day simple moving average is $73.95 and its 200-day simple moving average is $71.33. 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 announced its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The firm had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.23 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm's revenue was up 2.7% on a year-over-year basis. 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, research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently -348.94%.

Analyst Ratings Changes

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

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.