DuPont de Nemours (NYSE:DD – Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.660-1.660 for the period, compared to the consensus estimate of 2.960. The company issued revenue guidance of $6.8 billion-$6.8 billion, compared to the consensus revenue estimate of $8.7 billion.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on DD shares. UBS Group raised their target price on DuPont de Nemours to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings cut shares of DuPont de Nemours from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, November 7th. KeyCorp reduced their price target on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Citigroup raised their price objective on DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Royal Bank Of Canada upped their target price on DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.92.
Read Our Latest Report on DuPont de Nemours
DuPont de Nemours Stock Up 1.0%
DuPont de Nemours (NYSE:DD – Get Free Report) last released its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. 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 $3.02 billion for the quarter. As a group, research analysts anticipate that DuPont de Nemours will post 4.38 EPS for the current year.
DuPont de Nemours Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, November 28th. DuPont de Nemours’s dividend payout ratio (DPR) is -43.48%.
DuPont de Nemours announced that its board has approved a stock buyback program on Thursday, November 6th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 12.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Insider Activity
In other news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president directly owned 38,585 shares in the company, valued at $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 74,208 shares of company stock worth $5,714,861 in the last quarter. Insiders own 0.61% of the company’s stock.
Institutional Trading of DuPont de Nemours
Hedge funds have recently modified their holdings of the business. MUFG Securities EMEA plc acquired a new position in DuPont de Nemours during the second quarter worth $85,000. Lazard Asset Management LLC boosted its stake in shares of DuPont de Nemours by 7.1% during the 2nd quarter. Lazard Asset Management LLC now owns 2,430 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 162 shares in the last quarter. Headlands Technologies LLC increased its stake in DuPont de Nemours by 545.6% in the 2nd quarter. Headlands Technologies LLC now owns 2,834 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 2,395 shares in the last quarter. State of Wyoming grew its holdings in DuPont de Nemours by 266.6% in the second quarter. State of Wyoming now owns 3,153 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 2,293 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC raised its stake in shares of DuPont de Nemours by 8.4% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 3,614 shares of the basic materials company’s stock worth $248,000 after buying an additional 281 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
About DuPont de Nemours
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.
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