61,316 Shares in DuPont de Nemours, Inc. $DD Acquired by Ancora Advisors LLC

Key Points

• Ancora Advisors acquired 61,316 DuPont shares during the second quarter, valued at approximately $8.3 million. Hedge funds and other institutional investors collectively own 73.96% of the company.
• Analyst sentiment remains positive overall, with 12 Buy ratings, four Holds and one Sell; DuPont has a consensus rating of Moderate Buy and an average price target of $166.60.
• DuPont beat quarterly earnings expectations, reporting $1.88 in EPS versus the $1.76 consensus and $1.82 billion in revenue. The company declared a quarterly dividend of $0.60 per share, equal to a 1.8% annualized yield.

Ancora Advisors LLC bought a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 61,316 shares of the basic materials company's stock, valued at approximately $8,317,000.

Other hedge funds have also recently made changes to their positions in the company. Elevation Wealth Partners LLC boosted its position in shares of DuPont de Nemours by 168.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 150 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours in the third quarter worth approximately $26,000. Imprint Wealth LLC purchased a new stake in DuPont de Nemours in the third quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new stake in DuPont de Nemours during the third quarter valued at approximately $30,000. Finally, Contravisory Investment Management Inc. bought a new stake in DuPont de Nemours during the second quarter valued at approximately $74,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DD. The Goldman Sachs Group increased their price target on shares of DuPont de Nemours from $53.00 to $159.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. Morgan Stanley upped their target price on shares of DuPont de Nemours from $132.00 to $156.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 28th. Zacks Research cut DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. Weiss Ratings restated a "sell (d+)" rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on DuPont de Nemours from $174.00 to $180.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target of $166.60.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $136.48 on Wednesday. The stock has a market cap of $18.43 billion, a PE ratio of 303.35, a PEG ratio of 1.25 and a beta of 1.06. The company's fifty day moving average is $139.38 and its 200 day moving average is $141.29. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 52 week low of $92.49 and a 52 week high of $157.98.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.12. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%.DuPont de Nemours's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. Research analysts anticipate that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.40 annualized dividend and a yield of 1.8%. DuPont de Nemours's dividend payout ratio is presently 533.33%.

DuPont de Nemours Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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