The Manufacturers Life Insurance Company Purchases 32,043 Shares of DuPont de Nemours, Inc. $DD

Key Points

• The Manufacturers Life Insurance Company increased its stake in DuPont de Nemours, Inc. by 4.8%, acquiring an additional 32,043 shares, which brings its total holdings to 705,282 shares valued at approximately $52.67 million.
• DuPont reported $1.12 EPS for the most recent quarter, surpassing the consensus estimate of $1.06, with year-over-year revenue growth of 2.7%.
• Analysts have varying target prices for DuPont, with Wells Fargo raising its target to $90.00 and others following suit, reflecting a generally positive outlook for the company.

The Manufacturers Life Insurance Company increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705,282 shares of the basic materials company's stock after purchasing an additional 32,043 shares during the quarter. The Manufacturers Life Insurance Company owned 0.17% of DuPont de Nemours worth $52,670,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Summit Financial LLC increased its position in shares of DuPont de Nemours by 3.7% during the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock worth $304,000 after acquiring an additional 146 shares during the last quarter. Ballast Inc. raised its stake in DuPont de Nemours by 0.9% during the 1st quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock worth $1,326,000 after buying an additional 159 shares during the period. GHP Investment Advisors Inc. raised its holdings in shares of 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 purchasing an additional 170 shares during the period. Moody National Bank Trust Division lifted its holdings in shares of DuPont de Nemours by 0.9% during the 1st quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock worth $1,440,000 after acquiring an additional 171 shares during the period. Finally, HBK Sorce Advisory LLC raised its stake in shares of DuPont de Nemours by 3.6% during the first 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 last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. 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. Wells Fargo & Company lifted their target price on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Royal Bank Of Canada upped their target price on DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Citigroup lifted 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. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

DuPont de Nemours Trading Down 0.4%

NYSE:DD traded down $0.31 during trading hours on Wednesday, reaching $75.48. The company's stock had a trading volume of 2,064,738 shares, compared to its average volume of 2,909,848. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The firm has a market capitalization of $31.61 billion, a price-to-earnings ratio of -160.60, a PEG ratio of 1.92 and a beta of 1.07. The firm has a 50-day simple moving average of $73.80 and a 200-day simple moving average of $71.30. 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 earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $3.26 billion for 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 company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last 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. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is -348.94%.

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.