United Services Automobile Association Makes New $732,000 Investment in DuPont de Nemours, Inc. $DD

Key Points

• United Services Automobile Association acquired a new position in DuPont de Nemours, purchasing nearly 10,000 shares valued at approximately $732,000 in the first quarter.
• Several institutional investors increased their stakes in DuPont, signifying strong confidence with 73.96% of the stock currently owned by institutional investors.
• Analysts have given DuPont a consensus rating of "Moderate Buy" with a target price averaging $88.25, reflecting optimistic growth expectations for the company.

United Services Automobile Association acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,885 shares of the basic materials company's stock, valued at approximately $732,000.

Several other hedge funds and other institutional investors have also modified their holdings of DD. Vermillion Wealth Management Inc. purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth $28,000. JNBA Financial Advisors raised its holdings in DuPont de Nemours by 132.5% during the first 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 holdings in DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after buying an additional 248 shares in the last quarter. WPG Advisers LLC bought a new position in DuPont de Nemours during the first quarter valued at about $35,000. Finally, Pinney & Scofield Inc. bought a new position in DuPont de Nemours during the fourth quarter valued at about $36,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Steven P. Larrabee sold 6,000 shares of DuPont de Nemours stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $78.00, for a total transaction of $468,000.00. Following the sale, the senior vice president directly owned 42,585 shares of the company's stock, valued at $3,321,630. This trade represents a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup raised 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. UBS Group raised their target price on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a report on Monday, July 21st. Mizuho raised their target price on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. KeyCorp raised their target price on DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Wells Fargo & Company raised their target price on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently 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 down $0.69 during midday trading on Friday, hitting $77.30. The company's stock had a trading volume of 1,717,064 shares, compared to its average volume of 2,259,924. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The stock has a market capitalization of $32.37 billion, a price-to-earnings ratio of -164.47, a PEG ratio of 1.92 and a beta of 1.07. The stock's 50 day simple moving average is $74.78 and its 200 day simple moving average is $70.93. 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 released its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the business earned $0.97 earnings per share. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. DuPont de Nemours's dividend payout ratio (DPR) is -348.94%.

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.