DuPont de Nemours, Inc. $DD Shares Sold by Ballast Inc.

Key Points

• Ballast Inc. cut its DuPont de Nemours stake by 55.9% in the second quarter, selling 15,628 shares and retaining 12,352 shares valued at approximately $1.675 million. Institutional investors collectively own 73.96% of DD stock.
• DuPont shares opened at $132.07, below their 50-day and 200-day moving averages. The company reported quarterly EPS of $1.88, beating estimates by $0.12, while revenue rose 4% year over year to $1.82 billion.
• Analysts maintain a Moderate Buy consensus with an average price target of $166.60, despite mixed ratings. DuPont declared a $0.60 quarterly dividend, equivalent to a 1.8% yield, but its payout ratio is elevated at 533.33%.

Ballast Inc. lessened its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 55.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,352 shares of the basic materials company's stock after selling 15,628 shares during the period. Ballast Inc.'s holdings in DuPont de Nemours were worth $1,675,000 at the end of the most recent reporting period.

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

DuPont de Nemours Trading Down 1.9%

Shares of DD stock opened at $132.07 on Wednesday. The stock has a 50-day simple moving average of $138.71 and a 200 day simple moving average of $141.01. DuPont de Nemours, Inc. has a fifty-two week low of $92.49 and a fifty-two week high of $157.98. The stock has a market capitalization of $17.83 billion, a P/E ratio of 293.55, a P/E/G ratio of 1.23 and a beta of 1.06. 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 quarterly earnings data on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.12. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the previous year, the company posted $1.12 EPS. The business's revenue was up 4.0% compared to the same quarter last year. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current fiscal year.

DuPont de Nemours Cuts Dividend

The firm 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 $0.60 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.40 annualized dividend and a yield of 1.8%. DuPont de Nemours's payout ratio is 533.33%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DD. Weiss Ratings reissued a "sell (d+)" rating on shares of DuPont de Nemours in a research note on Monday, August 3rd. Citigroup raised their target price 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. UBS Group boosted their price target 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. BMO Capital Markets upped their price target on shares of DuPont de Nemours from $75.30 to $180.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. Finally, Zacks Research cut shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $166.60.

About DuPont de Nemours

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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