Baird Financial Group Inc. Sells 187,448 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Baird Financial Group cut its DuPont de Nemours stake by 66.3% in the second quarter, selling 187,448 shares and retaining 95,178 shares worth approximately $12.9 million. Institutional investors and hedge funds collectively own 73.96% of the company.
• DuPont reported quarterly EPS of $1.88, beating estimates of $1.76, while revenue rose 4% year over year to $1.82 billion. The company issued third-quarter EPS guidance of $1.80–$1.90.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $166.60, despite mixed rating changes. The stock recently traded at $126.89, while its quarterly dividend implies a 1.9% yield.

Baird Financial Group Inc. lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 66.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,178 shares of the basic materials company's stock after selling 187,448 shares during the period. Baird Financial Group Inc. owned 0.07% of DuPont de Nemours worth $12,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Palisade Asset Management LLC bought a new position in DuPont de Nemours during the 3rd quarter worth $26,000. Imprint Wealth LLC bought a new stake in shares of DuPont de Nemours in the third quarter valued at about $27,000. Basepoint Wealth LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $28,000. Nalls Sherbakoff Group LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at about $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of DuPont de Nemours in the third quarter valued at about $30,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $126.89 on Friday. 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 cap of $17.13 billion, a PE ratio of 282.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. The company has a 50 day moving average of $137.53 and a 200-day moving average of $139.92. DuPont de Nemours, Inc. has a 1-year low of $92.49 and a 1-year high of $157.98.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.12. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued 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 dividend yield of 1.9%. DuPont de Nemours's payout ratio is 533.33%.

Analyst Ratings Changes

DD has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of DuPont de Nemours from $171.00 to $172.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. UBS Group increased their target price on shares of DuPont de Nemours from $175.00 to $178.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lowered their target price on shares of DuPont de Nemours from $180.00 to $176.00 and set an "outperform" rating on the stock in a report on Friday, August 7th. Zacks Research downgraded shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 17th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of DuPont de Nemours in a research note on Monday, August 3rd. 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 company's stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average price target of $166.60.

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.

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