Arizona State Retirement System Sells 74,675 Shares of DuPont de Nemours, Inc. $DD

Arizona State Retirement System lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 65.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 39,170 shares of the basic materials company’s stock after selling 74,675 shares during the quarter. Arizona State Retirement System’s holdings in DuPont de Nemours were worth $5,313,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in shares of DuPont de Nemours by 7,560.9% during the 2nd quarter. California State Teachers Retirement System now owns 38,660,655 shares of the basic materials company’s stock worth $5,243,931,000 after purchasing an additional 38,156,004 shares during the last quarter. State Street Corp grew its holdings in DuPont de Nemours by 1.2% during the fourth quarter. State Street Corp now owns 18,412,070 shares of the basic materials company’s stock valued at $740,165,000 after purchasing an additional 215,928 shares during the period. Auto Owners Insurance Co increased its position in DuPont de Nemours by 4,275.8% in the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company’s stock worth $70,561,000 after buying an additional 17,151,278 shares during the last quarter. Invesco Ltd. raised its stake in shares of DuPont de Nemours by 64.4% in the fourth quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company’s stock valued at $583,487,000 after buying an additional 5,686,490 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of DuPont de Nemours by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 11,019,892 shares of the basic materials company’s stock valued at $441,285,000 after buying an additional 74,355 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE:DD opened at $126.89 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43. DuPont de Nemours, Inc. has a 52-week low of $92.49 and a 52-week high of $157.98. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 282.03, a PEG ratio of 1.16 and a beta of 1.06. The business’s fifty day moving average is $137.53 and its 200 day moving average is $139.92.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.76 by $0.12. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate 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 was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. Research analysts predict that DuPont de Nemours, Inc. will post 7.27 EPS for the current year.

DuPont de Nemours Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, August 31st. DuPont de Nemours’s dividend payout ratio (DPR) is 533.33%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group increased their price target on DuPont de Nemours from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Citigroup upped their price objective on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on shares of DuPont de Nemours from $171.00 to $172.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, 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. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $166.60.

DuPont de Nemours Company 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.