Tidal Investments LLC Sells 53,359 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Tidal Investments cut its DuPont de Nemours stake by 53.5% in the second quarter, selling 53,359 shares and retaining 46,323 shares valued at approximately $6.28 million. Institutional investors collectively own 73.96% of the company.
• Analysts maintain a generally positive outlook, with 12 Buy, four Hold, and one Sell rating. DuPont has a consensus rating of “Moderate Buy” and an average price target of $166.60.
• DuPont exceeded quarterly earnings expectations, reporting $1.88 EPS versus the $1.76 consensus and $1.82 billion in revenue. The stock opened at $126.89, while the company’s $0.60 quarterly dividend implies a 1.9% yield.

Tidal Investments LLC reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 53.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,323 shares of the basic materials company's stock after selling 53,359 shares during the quarter. Tidal Investments LLC's holdings in DuPont de Nemours were worth $6,283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DD. Elevation Wealth Partners LLC increased its holdings in shares of 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 acquiring an additional 150 shares in the last quarter. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours in the 3rd quarter worth $26,000. Imprint Wealth LLC acquired a new stake in DuPont de Nemours in the 3rd quarter valued at $27,000. Measured Wealth Private Client Group LLC acquired a new stake in DuPont de Nemours in the 3rd quarter valued at $30,000. Finally, Continuum Advisory LLC bought a new stake in DuPont de Nemours during the 2nd quarter valued at $64,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Zacks Research downgraded shares of DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Royal Bank Of Canada decreased 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. Citigroup raised their price objective on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. The Goldman Sachs Group upped their target price on shares of DuPont de Nemours from $53.00 to $159.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $171.00 to $172.00 and gave the stock 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $166.60.

DuPont de Nemours Price Performance

DD stock opened at $126.89 on Monday. The firm has a 50 day simple moving average of $137.53 and a two-hundred day simple moving average of $139.85. The stock has a market cap of $17.13 billion, a PE ratio of 282.03, a P/E/G ratio of 1.16 and a beta of 1.06. DuPont de Nemours, Inc. has a one year low of $92.49 and a one year high of $157.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.82.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter last year, the company posted $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. On average, 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 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 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, August 31st. DuPont de Nemours's dividend payout ratio is presently 533.33%.

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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