Teza Capital Management LLC Makes New Investment in DuPont de Nemours, Inc. $DD

Key Points

• Teza Capital Management LLC acquired a new stake in DuPont de Nemours, Inc., purchasing 13,218 shares valued at approximately $987,000 during the first quarter.
• Multiple hedge funds increased their positions in DuPont, with significant rises reported by JNBA Financial Advisors and Valley National Advisers, contributing to 73.96% of stock ownership being held by institutional investors.
• Analysts have raised their price targets for DuPont's stock, with notable upgrades from Mizuho, UBS, and JPMorgan, giving it an average rating of "Moderate Buy" and a consensus price target of $88.25.

Teza Capital Management LLC bought a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,218 shares of the basic materials company's stock, valued at approximately $987,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC raised its position in DuPont de Nemours by 19.6% in the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock worth $382,000 after buying an additional 822 shares during the last quarter. BOKF NA lifted its position in DuPont de Nemours by 3.2% during the fourth quarter. BOKF NA now owns 8,624 shares of the basic materials company's stock valued at $627,000 after purchasing an additional 271 shares during the period. Cetera Investment Advisers lifted its position in DuPont de Nemours by 3.2% during the fourth quarter. Cetera Investment Advisers now owns 92,895 shares of the basic materials company's stock valued at $7,083,000 after purchasing an additional 2,924 shares during the period. EP Wealth Advisors LLC boosted its holdings in DuPont de Nemours by 18.3% in the fourth quarter. EP Wealth Advisors LLC now owns 17,509 shares of the basic materials company's stock worth $1,335,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Deutsche Bank AG grew its position in DuPont de Nemours by 30.0% in the 4th quarter. Deutsche Bank AG now owns 2,049,602 shares of the basic materials company's stock worth $156,282,000 after purchasing an additional 472,855 shares during the period. 73.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $76.50, for a total value of $1,912,500.00. Following the completion of the transaction, the senior vice president directly owned 48,585 shares in the company, valued at $3,716,752.50. This represents a 33.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is owned by insiders.

DuPont de Nemours Stock Performance

NYSE DD traded down $0.50 on Friday, reaching $77.50. 559,130 shares of the stock were exchanged, compared to its average volume of 2,887,930. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The firm has a market capitalization of $32.45 billion, a PE ratio of -164.85, a PEG ratio of 1.89 and a beta of 1.07. The company's 50-day simple moving average is $74.71 and its two-hundred day simple moving average is $71.10. 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 issued its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company 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%. DuPont de Nemours's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

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

Wall Street Analysts Forecast Growth

DD has been the topic of several research analyst reports. JPMorgan Chase & Co. increased 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. Citigroup increased their target price on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. KeyCorp upped their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Mizuho raised their price objective 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. Finally, Royal Bank Of Canada boosted their target price 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. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.