NewEdge Advisors LLC Sells 68,142 Shares of DuPont de Nemours, Inc. $DD

NewEdge Advisors LLC decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 67.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,115 shares of the basic materials company's stock after selling 68,142 shares during the period. NewEdge Advisors LLC's holdings in DuPont de Nemours were worth $4,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Basepoint Wealth LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at about $28,000. Nalls Sherbakoff Group LLC bought a new stake in DuPont de Nemours in the fourth quarter worth $29,000. Elevation Wealth Partners LLC raised its stake in DuPont de Nemours by 168.5% during the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Commonwealth Retirement Investments LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth $33,000. Finally, Elyxium Wealth LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth about $50,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Down 2.1%

Shares of DD stock opened at $124.36 on Tuesday. DuPont de Nemours, Inc. has a twelve month low of $92.49 and a twelve month high of $157.98. The stock has a market cap of $16.79 billion, a P/E ratio of 276.40, a P/E/G ratio of 1.16 and a beta of 1.06. The stock has a 50 day moving average of $137.20 and a 200 day moving average of $139.64. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.12. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 7.27 EPS for the current 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 dividend of $0.60 per share. The ex-dividend date is Monday, August 31st. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. DuPont de Nemours's dividend payout ratio is currently 533.33%.

Analysts Set New Price Targets

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

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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