State Street Corp Raises Holdings in DuPont de Nemours, Inc. $DD

State Street Corp boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 140.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 44,941,824 shares of the basic materials company’s stock after acquiring an additional 26,238,300 shares during the period. State Street Corp owned approximately 0.33% of DuPont de Nemours worth $6,095,909,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Basepoint Wealth LLC acquired a new position in DuPont de Nemours in the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $29,000. Elevation Wealth Partners LLC raised its position in shares of DuPont de Nemours by 168.5% in the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $33,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research cut shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $171.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. The Goldman Sachs Group raised their price objective on DuPont de Nemours from $53.00 to $159.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Royal Bank Of Canada dropped their target price on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Finally, UBS Group increased their target price on DuPont de Nemours from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.60.

DuPont de Nemours Trading Up 1.5%

Shares of DD traded up $1.97 during mid-day trading on Tuesday, reaching $131.75. The company had a trading volume of 385,776 shares, compared to its average volume of 1,412,784. The stock has a market cap of $17.79 billion, a price-to-earnings ratio of 293.10, a price-to-earnings-growth ratio of 1.18 and a beta of 1.06. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $136.48 and a 200-day simple moving average of $138.91. DuPont de Nemours, Inc. has a fifty-two week low of $92.49 and a fifty-two week high of $157.98.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.12. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 7.27 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 31st. DuPont de Nemours’s dividend payout ratio (DPR) is currently 533.33%.

DuPont de Nemours Profile

DuPont de Nemours, Inc is a global materials science company headquartered in Wilmington, Delaware. The company develops engineered materials and specialty products used in electronics, transportation, construction, healthcare, water treatment, and industrial applications.

Its offerings include semiconductor and advanced packaging materials, engineering polymers, specialty resins, water purification and separation technologies, and protective materials and solutions. DuPont’s products are sold to manufacturers, industrial customers, and other businesses across North America, Europe, Asia-Pacific, and other international markets.

The company was formed in 2019 following the separation of DowDuPont into independent companies, including DuPont, Dow, and Corteva.