Andra AP fonden Decreases Holdings in DuPont de Nemours, Inc. $DD

Key Points

• Andra AP fonden cut its DuPont de Nemours stake by 57.7% in the second quarter, selling 23,771 shares and retaining 17,458 shares worth approximately $2.37 million.
• Institutional ownership remains high at 73.96%, with State Street increasing its position by 140.3% and several other investors initiating new stakes.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $166.60. DuPont also exceeded quarterly earnings expectations, reporting $1.88 in EPS versus the $1.76 consensus.

Andra AP fonden lowered its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 57.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,458 shares of the basic materials company's stock after selling 23,771 shares during the period. Andra AP fonden's holdings in DuPont de Nemours were worth $2,368,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DD. State Street Corp boosted its position in DuPont de Nemours by 140.3% in the 2nd quarter. State Street Corp now owns 44,941,824 shares of the basic materials company's stock valued at $6,095,909,000 after buying an additional 26,238,300 shares during the period. Ancora Advisors LLC purchased a new stake in DuPont de Nemours during the second quarter worth $8,317,000. Cullen Capital Management LLC purchased a new stake in shares of DuPont de Nemours during the 2nd quarter valued at $2,081,000. Boussard & Gavaudan Gestion Sas acquired a new stake in shares of DuPont de Nemours during the second quarter worth about $4,912,000. Finally, Groupe la Francaise purchased a new position in DuPont de Nemours during the second quarter valued at approximately $1,394,000. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on DD. Citigroup lifted their price objective on DuPont de Nemours from $168.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. UBS Group boosted their target price on DuPont de Nemours from $175.00 to $178.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on DuPont de Nemours from $171.00 to $172.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Zacks Research lowered DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada dropped their target price 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $166.60.

DuPont de Nemours Price Performance

DD opened at $130.97 on Thursday. The company has a 50 day moving average of $136.35 and a two-hundred day moving average of $138.76. The company has a market cap of $17.69 billion, a P/E ratio of 291.11, a P/E/G ratio of 1.20 and a beta of 1.06. DuPont de Nemours, Inc. has a 52-week low of $92.49 and a 52-week high of $157.98. 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 (NYSE:DD - Get Free Report) last announced its 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 return on equity of 6.92% and a net margin of 0.67%.The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $1.12 EPS. The company's 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. On average, analysts expect that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current year.

DuPont de Nemours 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.

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