Addenda Capital Inc. Lowers Stock Position in DuPont de Nemours, Inc. $DD

Addenda Capital Inc. reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 66.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,067 shares of the basic materials company's stock after selling 54,133 shares during the period. Addenda Capital Inc.'s holdings in DuPont de Nemours were worth $3,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Auto Owners Insurance Co grew its holdings in DuPont de Nemours by 4,275.8% during the fourth 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 period. Northwestern Mutual Wealth Management Co. boosted its stake in DuPont de Nemours by 12,133.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,614,878 shares of the basic materials company's stock worth $365,921,000 after purchasing an additional 9,536,283 shares during the period. Invesco Ltd. grew its holdings in DuPont de Nemours by 64.4% during the 4th quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company's stock valued at $583,487,000 after buying an additional 5,686,490 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of DuPont de Nemours by 242.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,491,426 shares of the basic materials company's stock valued at $301,155,000 after buying an additional 5,303,219 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth about $130,394,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 0.1%

NYSE DD opened at $136.81 on Monday. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The stock's 50-day simple moving average is $139.06 and its two-hundred day simple moving average is $141.26. DuPont de Nemours, Inc. has a twelve month low of $92.49 and a twelve month high of $157.98. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 304.08, a PEG ratio of 1.25 and a beta of 1.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.12. The firm 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%.The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. Research analysts forecast that DuPont de Nemours, Inc. will post 7.27 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $171.00 to $172.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Weiss Ratings restated a "sell (d+)" rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. The Goldman Sachs Group upped 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. Finally, Royal Bank Of Canada lowered their price objective on DuPont de Nemours from $180.00 to $176.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Twelve 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 stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and an average target price of $166.60.

DuPont de Nemours 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.

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