HB Wealth Management LLC Trims Stock Position in DuPont de Nemours, Inc. $DD

Key Points

• HB Wealth Management cut its DuPont de Nemours stake by 70.1% in the second quarter, selling 13,119 shares and retaining 5,606 shares valued at approximately $760,000. Institutional investors and hedge funds collectively own 73.96% of DD.
• DuPont reported quarterly earnings of $1.88 per share, exceeding the $1.76 consensus estimate, while revenue rose 4% year over year to $1.82 billion. Shares opened at $126.89, below both their 50-day and 200-day moving averages.
• Analysts maintain a “Moderate Buy” consensus with a $166.60 target price, despite mixed rating changes. The company declared a $0.60 quarterly dividend, equivalent to a 1.9% yield and a 533.33% payout ratio.

HB Wealth Management LLC lessened its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 70.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,606 shares of the basic materials company's stock after selling 13,119 shares during the quarter. HB Wealth Management LLC's holdings in DuPont de Nemours were worth $760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DD. Highland Investment Advisors LLC purchased a new stake in DuPont de Nemours in the 2nd quarter worth approximately $117,000. Continuum Advisory LLC purchased a new position in shares of DuPont de Nemours during the 2nd quarter valued at approximately $64,000. Nykredit A S acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at $5,657,000. Proficio Capital Partners LLC purchased a new stake in DuPont de Nemours during the second quarter worth $399,000. Finally, Boussard & Gavaudan Gestion Sas purchased a new stake in DuPont de Nemours during the second quarter worth $4,912,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 0.3%

Shares of NYSE DD opened at $126.89 on Friday. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 282.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. The company's 50-day simple moving average is $137.53 and its 200-day simple moving average is $139.92. 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.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.12. The firm had revenue of $1.82 billion during 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 company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter 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 fiscal year.

DuPont de Nemours Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.9%. DuPont de Nemours's dividend payout ratio is presently 533.33%.

Analyst Ratings Changes

A number of research analysts have weighed in on DD shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of DuPont de Nemours in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $171.00 to $172.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Royal Bank Of Canada cut their price target on DuPont de Nemours from $180.00 to $176.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. The Goldman Sachs Group upped their price target on DuPont de Nemours from $53.00 to $159.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. Finally, UBS Group raised their price objective on DuPont de Nemours from $175.00 to $178.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Twelve investment 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.60.

About DuPont de Nemours

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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