Rehmann Capital Advisory Group Sells 43,593 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Rehmann Capital Advisory Group cut its DuPont stake by 67.1% in the second quarter, selling 43,593 shares and retaining 21,377 shares valued at approximately $2.9 million. Institutional investors own 73.96% of DuPont’s stock.
• 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 were trading at $134.78, down 1.6%.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $166.60, although the company’s dividend implies a high 533.33% payout ratio based on the reported $0.60 quarterly payment.

Rehmann Capital Advisory Group reduced its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 67.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,377 shares of the basic materials company's stock after selling 43,593 shares during the period. Rehmann Capital Advisory Group's holdings in DuPont de Nemours were worth $2,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC grew its stake in shares of 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 buying an additional 150 shares in the last quarter. Palisade Asset Management LLC purchased a new position in DuPont de Nemours in the third quarter worth about $26,000. Imprint Wealth LLC bought a new stake in DuPont de Nemours during the third quarter worth approximately $27,000. Measured Wealth Private Client Group LLC purchased a new stake in DuPont de Nemours during the third quarter valued at approximately $30,000. Finally, Contravisory Investment Management Inc. bought a new stake in shares of DuPont de Nemours in the 2nd quarter valued at approximately $74,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Trading Down 1.6%

Shares of NYSE:DD opened at $134.78 on Tuesday. 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 $18.20 billion, a price-to-earnings ratio of 299.57, a PEG ratio of 1.25 and a beta of 1.06. The business has a 50-day moving average price of $138.87 and a 200-day moving average price of $141.17.

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. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm earned $1.12 EPS. The business's quarterly revenue was up 4.0% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 1.8%. DuPont de Nemours's dividend payout ratio (DPR) is 533.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DD shares. Zacks Research lowered shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 17th. Citigroup increased their target price on DuPont de Nemours from $168.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $171.00 to $172.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Royal Bank Of Canada cut their price target 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. Finally, The Goldman Sachs Group raised their price target on shares of DuPont de Nemours from $53.00 to $159.00 and gave the stock a "neutral" rating in a research note on Thursday, June 25th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and a consensus 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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