Concurrent Investment Advisors LLC Lowers Position in DuPont de Nemours, Inc. $DD

Key Points

• Concurrent Investment Advisors cut its DuPont stake by 62.8% in the second quarter, selling 23,698 shares and retaining 14,017 shares valued at approximately $1.9 million.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $166.60, despite one downgrade and a “sell” rating.
• DuPont beat quarterly earnings expectations, reporting $1.88 in EPS versus $1.76 expected and $1.82 billion in revenue. Shares opened at $127.94, down 2.6%, while the company declared a $0.60 quarterly dividend.

Concurrent Investment Advisors LLC decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 62.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,017 shares of the basic materials company's stock after selling 23,698 shares during the period. Concurrent Investment Advisors LLC's holdings in DuPont de Nemours were worth $1,901,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. State Street Corp increased its holdings in shares of DuPont de Nemours by 1.2% in the 4th quarter. State Street Corp now owns 18,412,070 shares of the basic materials company's stock valued at $740,165,000 after acquiring an additional 215,928 shares during the period. Auto Owners Insurance Co grew its stake in DuPont de Nemours by 4,275.8% in 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 last quarter. Invesco Ltd. grew its stake in DuPont de Nemours by 64.4% in the fourth quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company's stock valued at $583,487,000 after purchasing an additional 5,686,490 shares during the last quarter. Geode Capital Management LLC raised its holdings in DuPont de Nemours by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 11,019,892 shares of the basic materials company's stock worth $441,285,000 after purchasing an additional 74,355 shares in the last quarter. Finally, Nuveen LLC raised its holdings in DuPont de Nemours by 18.9% in the fourth quarter. Nuveen LLC now owns 10,662,674 shares of the basic materials company's stock worth $428,639,000 after purchasing an additional 1,695,097 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

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

DuPont de Nemours Trading Down 2.6%

Shares of NYSE:DD opened at $127.94 on Thursday. 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. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 284.36, a PEG ratio of 1.20 and a beta of 1.06. The business has a 50-day moving average price of $138.05 and a 200-day moving average price of $140.18.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. Equities analysts predict that DuPont de Nemours, Inc. will post 7.27 EPS for the current year.

DuPont de Nemours Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. DuPont de Nemours's payout ratio is 533.33%.

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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