Cinctive Capital Management LP bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 63,413 shares of the basic materials company’s stock, valued at approximately $4,940,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in DuPont de Nemours by 6.7% in the third quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock worth $3,962,560,000 after acquiring an additional 3,203,044 shares in the last quarter. State Street Corp increased its holdings in shares of DuPont de Nemours by 4.8% during the second quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock valued at $1,259,585,000 after acquiring an additional 842,852 shares in the last quarter. Invesco Ltd. raised its position in shares of DuPont de Nemours by 28.2% in the 3rd quarter. Invesco Ltd. now owns 8,828,110 shares of the basic materials company’s stock valued at $687,710,000 after purchasing an additional 1,942,589 shares during the last quarter. Franklin Resources Inc. raised its position in shares of DuPont de Nemours by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,096,122 shares of the basic materials company’s stock valued at $552,788,000 after purchasing an additional 98,590 shares during the last quarter. Finally, Norges Bank acquired a new stake in DuPont de Nemours in the 2nd quarter worth approximately $313,306,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Citigroup boosted their target price on shares of DuPont de Nemours from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Wolfe Research lifted their price objective on shares of DuPont de Nemours from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, December 22nd. Zacks Research raised DuPont de Nemours from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Finally, BMO Capital Markets raised their target price on DuPont de Nemours from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.86.
DuPont de Nemours Stock Performance
DD opened at $44.87 on Monday. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12-month low of $22.50 and a 12-month high of $52.66. The firm has a 50 day moving average of $46.36 and a two-hundred day moving average of $39.81. The firm has a market capitalization of $18.35 billion, a PE ratio of -24.12, a P/E/G ratio of 1.12 and a beta of 1.09.
DuPont de Nemours (NYSE:DD – Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.69 billion. DuPont de Nemours had a negative net margin of 7.03% and a positive return on equity of 7.37%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.13 EPS. DuPont de Nemours has set its FY 2026 guidance at 2.250-2.300 EPS and its Q1 2026 guidance at 0.480-0.480 EPS. On average, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.
DuPont de Nemours Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, March 2nd. DuPont de Nemours’s dividend payout ratio is presently -43.01%.
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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