Texas Capital Bank Wealth Management Services Inc Acquires Shares of 3,843 DuPont de Nemours, Inc. $DD

Key Points

• Texas Capital Bank Wealth Management Services Inc has acquired 3,843 shares of DuPont de Nemours, valued at approximately $287,000, marking a significant new investment in the basic materials company.
• Analyst ratings for DuPont de Nemours show a mix of opinions, with Barclays lowering their price target to $73.00 while Wells Fargo increased theirs to $90.00, indicating variability in outlook among financial experts.
• The company announced a $0.41 quarterly dividend for investors of record on August 29th, reflecting ongoing shareholder returns despite a payout ratio of -348.94%.

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,843 shares of the basic materials company's stock, valued at approximately $287,000.

A number of other institutional investors also recently modified their holdings of the stock. Vermillion Wealth Management Inc. bought a new stake in DuPont de Nemours in the fourth quarter valued at $28,000. JNBA Financial Advisors increased its position in DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after buying an additional 216 shares in the last quarter. Valley National Advisers Inc. raised its stake in DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after buying an additional 248 shares during the period. Pinney & Scofield Inc. bought a new position in DuPont de Nemours in the fourth quarter worth approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in DuPont de Nemours by 1,770.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 531 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DD shares. JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. UBS Group raised their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Wells Fargo & Company boosted 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. Morgan Stanley dropped their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Finally, Mizuho lifted their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded up $2.6910 during mid-day trading on Friday, reaching $77.2410. 2,187,807 shares of the company's stock were exchanged, compared to its average volume of 3,174,665. The firm has a 50-day moving average price of $72.41 and a two-hundred day moving average price of $71.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The firm has a market capitalization of $32.34 billion, a price-to-earnings ratio of -164.34, a price-to-earnings-growth ratio of 1.86 and a beta of 1.06. 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 posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate 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 firm'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. 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 yield of 2.1%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend 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.