SCS Capital Management LLC Makes New $507,000 Investment in DuPont de Nemours, Inc. $DD

Key Points

• SCS Capital Management LLC invested approximately $507,000 in DuPont de Nemours, acquiring 6,784 shares in the first quarter of the year.
• DuPont announced a quarterly dividend of $0.41 per share, representing an annualized dividend yield of 2.1%.
• Wall Street analysts have raised their target prices for DuPont de Nemours, with a consensus target reaching $88.25 and an average rating of "Moderate Buy."

SCS Capital Management LLC purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,784 shares of the basic materials company's stock, valued at approximately $507,000.

A number of other hedge funds have also recently added to or reduced their stakes in DD. Vermillion Wealth Management Inc. acquired a new stake in DuPont de Nemours in the fourth quarter valued at about $28,000. JNBA Financial Advisors lifted its position in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares during the period. Valley National Advisers Inc. lifted its position in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 248 shares during the period. WPG Advisers LLC acquired a new stake in DuPont de Nemours in the first quarter valued at about $35,000. Finally, Pinney & Scofield Inc. acquired a new stake in DuPont de Nemours in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Trading Down 0.0%

Shares of DD traded down $0.01 during mid-day trading on Wednesday, reaching $77.16. The company had a trading volume of 352,148 shares, compared to its average volume of 2,878,563. The stock has a market cap of $32.31 billion, a price-to-earnings ratio of -164.25, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. The firm has a fifty day simple moving average of $74.92 and a 200-day simple moving average of $70.94. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23.

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, beating analysts' consensus estimates of $1.06 by $0.06. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last 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. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada raised 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. Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. UBS Group increased their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. KeyCorp increased their target price on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Mizuho increased their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Nine investment 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 currently has an average rating of "Moderate Buy" and an average price target of $88.25.

Insider Buying and Selling at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 25,000 shares of DuPont de Nemours stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $76.50, for a total transaction of $1,912,500.00. Following the transaction, the senior vice president owned 48,585 shares in the company, valued at approximately $3,716,752.50. The trade was a 33.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company's stock.

DuPont de Nemours Company 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.