NewEdge Advisors LLC Cuts Stake in DuPont de Nemours, Inc. $DD

NewEdge Advisors LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 67.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,115 shares of the basic materials company’s stock after selling 68,142 shares during the quarter. NewEdge Advisors LLC’s holdings in DuPont de Nemours were worth $4,492,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of DuPont de Nemours by 7,560.9% during the second quarter. California State Teachers Retirement System now owns 38,660,655 shares of the basic materials company’s stock valued at $5,243,931,000 after acquiring an additional 38,156,004 shares during the last quarter. Auto Owners Insurance Co raised its stake in DuPont de Nemours by 4,275.8% in the 4th quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company’s stock valued at $70,561,000 after purchasing an additional 17,151,278 shares during the last quarter. Geode Capital Management LLC lifted its holdings in DuPont de Nemours by 0.7% in 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 purchasing an additional 74,355 shares in the last quarter. Bank of America Corp DE boosted its stake in DuPont de Nemours by 22.0% during the 1st quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company’s stock worth $212,039,000 after purchasing an additional 835,572 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of DuPont de Nemours by 10.0% in the first quarter. Bank of New York Mellon Corp now owns 3,706,596 shares of the basic materials company’s stock valued at $169,762,000 after buying an additional 336,780 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on DuPont de Nemours from $53.00 to $159.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. boosted their target price 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. UBS Group increased their target price on DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Finally, Zacks Research cut DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.60.

DuPont de Nemours Stock Performance

NYSE:DD opened at $124.36 on Tuesday. 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 company has a market capitalization of $16.79 billion, a P/E ratio of 276.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. The firm has a 50-day moving average price of $137.20 and a two-hundred day moving average price of $139.64. DuPont de Nemours, Inc. has a twelve month low of $92.49 and a twelve month high of $157.98.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.76 by $0.12. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $1.12 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, research analysts expect that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current fiscal year.

DuPont de Nemours Cuts Dividend

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

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.