DuPont de Nemours, Inc. (NYSE: DD) headlines today with a fresh analyst target bump and continued investor focus on the company’s post‑spinoff profile, dividend reset, and buyback plans.
Key takeaways
- Citi raises its DD target to $47 and reiterates a “Buy” rating. 1
- “New DuPont” declares a $0.20 quarterly dividend (payable Dec. 15 to holders of record Nov. 28) and authorizes a $2B share repurchase, including a $500M accelerated buyback. 2
- Qnity Electronics spinoff completed (1 Qnity share for every 2 DuPont shares, distribution Nov. 1); Qnity now trades on the NYSE as “Q” and joins the S&P 500. 3
- Q3 2025 for continuing ops: net sales $3.07B (+7% y/y), adj. EPS $1.09, operating EBITDA $840M; FY25 operating EBITDA guidance raised to $1.6B; Q4 guide: adj. EPS ~$0.43, sales ~$1.69B. 4
What’s new today (Nov. 9, 2025)
- Citi lifts DuPont target to $47. The move keeps a “Buy” stance and follows last week’s earnings, dividend reset, and buyback announcement. 1
- Dividend coverage: Financial outlet Simply Wall St notes the new $0.20 per‑share payout is lower than last year’s comparable quarterly dividend, reflecting DuPont’s reshaped, smaller post‑spin earnings base. (DuPont’s board approved the new payout on Nov. 6.) 5
- Fund flow footnote: MarketBeat flagged a 13F‑style update showing Resona Asset Management modestly increased its DD position; such filings often lag by weeks but add context to institutional ownership. 6
The bigger picture: A pivotal week for “new DuPont”
Qnity Electronics is out; DuPont refocuses. DuPont completed the tax‑free separation of Qnity on Nov. 1 (1 share of Qnity for every 2 DD shares; ~209M Qnity shares distributed). Qnity began “regular‑way” trading on Nov. 3 as NYSE: Q and was added to the S&P 500 at launch—an unusual debut that broadens index fund ownership. 3
Capital returns accelerate. On Nov. 6, DuPont unveiled a $2B repurchase authorization and plans to launch a $500M accelerated share repurchase (ASR). The board also set a $0.20 quarterly dividend for “new DuPont,” payable Dec. 15 to holders of record Nov. 28. Management simultaneously raised FY25 operating EBITDA guidance to $1.6B for the continuing business. 4
Quarterly scorecard. For Q3 2025 continuing operations, DuPont reported net sales of $3.07B (+7% y/y), adjusted EPS of $1.09, and operating EBITDA of $840M. It also posted $591M in cash from operations and $576M in transaction‑adjusted free cash flow. 4
Looking to Q4. DuPont guided to ~$0.43 in adjusted EPS and ~$1.69B in sales—slightly below consensus—reflecting the recent portfolio changes (Qnity spin and Aramids reclassification). 7
Balance sheet context. Ahead of the spin, Qnity’s board approved a cash “midnight dividend” of about $4.122B and related interest deposit tied to its debt, a step that supported DuPont’s capital return flexibility post‑separation. 8
Portfolio simplification continues. DuPont also reached a deal to divest its Aramids business (Kevlar®, Nomex®) to Arclin for ~$1.8B, expected to close in Q1 2026, further concentrating the portfolio. 9
Product news to watch. In Worker Safety, DuPont introduced Tyvek® APX™ on Nov. 4—new protective garments emphasizing breathability without sacrificing protection—adding an innovation angle to the Water & Protection segment narrative. 10
What it means for investors
- Reset and return: The reduced $0.20 dividend aligns with the smaller earnings base after the electronics separation and is paired with a sizable $2B buyback—an explicit shift toward flexible capital returns while the “new DuPont” scales margin and cash conversion. 4
- Focus, not breadth: With Qnity independent and Aramids set to be divested, DuPont is leaning into advanced materials for healthcare, water, and industrial end‑markets, where it lifted FY25 operating EBITDA guidance to $1.6B. Execution vs. Q4 guidance—and buyback pacing—are the near‑term watch‑items. 4
- Coverage turning constructive: Today’s Citi target increase to $47 underscores a cautious but improving sell‑side stance as the post‑spin model settles. 1
Dates & details investors should know
- Dividend: $0.20 per share; Record Date: Nov. 28, 2025; Payable: Dec. 15, 2025. 2
- Qnity distribution: 1 Q share for every 2 DD shares (distribution date: Nov. 1, 2025); Q now trades on the NYSE and is in the S&P 500. 3
Tickers: DD (DuPont de Nemours), Q (Qnity Electronics)
Disclosure: This article is for information purposes only and does not constitute investment advice or a recommendation to buy or sell any securities.
