SouthState Corp Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• SouthState Corp increased its holdings in DuPont de Nemours, Inc. by 171.7%, bringing its total shares to 7,772, valued at approximately $580,000.
• DuPont reported an earnings per share (EPS) of $1.12 for the last quarter, beating the analysts' estimates, with a revenue of $3.26 billion, marking a 2.7% increase compared to the previous year.
• The company announced a quarterly dividend of $0.41 per share, which will be paid on September 15th, reflecting an annual yield of 2.3%.

SouthState Corp lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 171.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,772 shares of the basic materials company's stock after purchasing an additional 4,912 shares during the period. SouthState Corp's holdings in DuPont de Nemours were worth $580,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Nuveen LLC purchased a new stake in DuPont de Nemours in the 1st quarter valued at about $531,037,000. Marshall Wace LLP grew its holdings in DuPont de Nemours by 228.8% in the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock valued at $112,219,000 after buying an additional 1,024,075 shares during the period. Assenagon Asset Management S.A. grew its holdings in DuPont de Nemours by 87.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock valued at $147,929,000 after buying an additional 922,387 shares during the period. Northern Trust Corp grew its holdings in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after buying an additional 690,218 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in DuPont de Nemours in the 4th quarter valued at about $50,063,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

NYSE:DD opened at $69.95 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $29.29 billion, a price-to-earnings ratio of -148.84, a PEG ratio of 1.76 and a beta of 1.06. The firm's fifty day simple moving average is $71.38 and its 200 day simple moving average is $71.57. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 EPS 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 for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. DuPont de Nemours's payout ratio is currently -348.94%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. KeyCorp boosted their price objective on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada boosted 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 note on Friday. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price objective for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Mizuho boosted their price objective 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. Finally, Citigroup boosted their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.

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