Royal Bank of Canada Cuts Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Royal Bank of Canada reduced its stake in DuPont de Nemours, Inc. by 11.2%, owning 1,330,146 shares valued at approximately $99.3 million as of the most recent quarter.
• DuPont de Nemours recently announced a quarterly dividend of $0.41, with an ex-dividend date of August 29th, resulting in a 2.2% dividend yield.
• Analyst ratings for DuPont de Nemours reflect a positive outlook, with a consensus rating of "Moderate Buy" and an average price target of $88.25.

Royal Bank of Canada reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 11.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,330,146 shares of the basic materials company's stock after selling 167,538 shares during the quarter. Royal Bank of Canada owned 0.32% of DuPont de Nemours worth $99,336,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Summit Financial LLC grew its stake in DuPont de Nemours by 3.7% in the 1st quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock valued at $304,000 after acquiring an additional 146 shares during the period. Ballast Inc. grew its stake in DuPont de Nemours by 0.9% in the 1st 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 period. GHP Investment Advisors Inc. grew its stake in 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 valued at $88,000 after acquiring an additional 170 shares during the period. Moody National Bank Trust Division grew 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 acquiring an additional 171 shares during the period. Finally, HBK Sorce Advisory LLC grew its stake 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 acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Trading Up 0.8%

Shares of DuPont de Nemours stock traded up $0.62 during trading hours on Friday, hitting $77.77. The company's stock had a trading volume of 3,374,635 shares, compared to its average volume of 2,365,223. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The firm has a fifty day moving average of $74.28 and a 200-day moving average of $71.16. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of -165.46, a P/E/G ratio of 1.94 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 posted its quarterly earnings data 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. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 2.1%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's payout ratio is currently -348.94%.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada boosted their price target on DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Citigroup boosted their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. UBS Group boosted their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Mizuho boosted their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.