Assenagon Asset Management S.A. decreased its stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 90.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,689 shares of the basic materials company’s stock after selling 111,199 shares during the period. Assenagon Asset Management S.A.’s holdings in DuPont de Nemours were worth $470,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Salomon & Ludwin LLC grew its position in shares of DuPont de Nemours by 186.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock worth $25,000 after buying an additional 207 shares during the period. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $26,000. Financial Life Planners bought a new position in DuPont de Nemours during the 3rd quarter worth approximately $27,000. Imprint Wealth LLC acquired a new position in DuPont de Nemours during the third quarter valued at approximately $27,000. Finally, Miller Global Investments LLC acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $28,000. Institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Trading Up 0.9%
Shares of NYSE:DD opened at $46.21 on Thursday. The firm has a market cap of $18.90 billion, a price-to-earnings ratio of -24.84, a PEG ratio of 1.14 and a beta of 1.09. DuPont de Nemours, Inc. has a 12 month low of $22.50 and a 12 month high of $52.66. The company’s fifty day simple moving average is $46.82 and its 200 day simple moving average is $40.91. The company has a quick ratio of 1.91, a current ratio of 2.42 and a debt-to-equity ratio of 0.22.
DuPont de Nemours Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.01%.
Key Headlines Impacting DuPont de Nemours
Here are the key news stories impacting DuPont de Nemours this week:
- Positive Sentiment: DuPont completed the sale of its Aramids business (including Kevlar® and Nomex®) for about $1.8 billion. The deal closes the previously announced divestiture, delivering significant proceeds that can be used to pay down debt, fund buybacks, invest in core growth areas, or return capital — and should simplify DuPont’s portfolio. Market reaction is supportive but may be muted if the sale was largely anticipated. DuPont Completes Divestiture of Aramids Business DuPont Completes Divestiture of Aramids Business
- Positive Sentiment: Buyer Arclin confirmed the acquisition of DuPont’s Aramids business for ~$1.8B; the buyer’s announcement reiterates transaction terms and immediate operational transition, reducing execution risk for DuPont and confirming cash receipt timing. Arclin Completes Acquisition of the DuPont™ Aramids Business, Including Iconic Kevlar® and Nomex® Brands Arclin Completes Acquisition of the DuPont™ Aramids Business, Including Iconic Kevlar® and Nomex® Brands
- Neutral Sentiment: DuPont expanded a rural water-infrastructure project in Kenya deploying filtration tech to serve ~20,000 people. This supports ESG/CSR credentials but is unlikely to materially affect near-term revenue or margins. DD Expands Rural Water Infrastructure in Kenya Project With ChildFund DD Expands Rural Water Infrastructure in Kenya Project With ChildFund
- Neutral Sentiment: Media mention: Jim Cramer referenced Qnity Electronics (a specialty-chemicals spinout from DuPont) on Mad Money. This highlights investor interest in spinoffs but is not direct news for DD’s core operations. Jim Cramer on Qnity Electronics: “I’m Very Happy to Own That One for the Trust”
- Neutral Sentiment: A specialty-chemicals platform (Ascent) named new board members — sector hiring news with no clear link to DuPont’s near-term fundamentals. Ascent Industries Appoints Two Proven Specialty Chemicals Leaders to Board of Directors
Analysts Set New Price Targets
Several equities research analysts have weighed in on DD shares. Mizuho increased their target price on shares of DuPont de Nemours from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d)” rating on shares of DuPont de Nemours in a report on Friday, March 27th. UBS Group upped their price objective on shares of DuPont de Nemours from $49.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wolfe Research lifted their target price on DuPont de Nemours from $49.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen raised DuPont de Nemours to a “hold” rating in a research note on Saturday, January 10th. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.86.
View Our Latest Research Report on DD
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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