Wellington Management Group LLP Sells 59,724 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Wellington Management cut its DuPont stake by 64.2% in the second quarter, selling 59,724 shares and retaining 33,355 shares valued at approximately $4.52 million.
• Institutional investors own 73.96% of DuPont, while analysts maintain a generally positive view: 12 rate the stock “Buy,” four “Hold,” and one “Sell,” for a consensus “Moderate Buy” rating and $166.60 price target.
• DuPont beat quarterly expectations with $1.88 EPS and $1.82 billion in revenue, up 4% year over year. The company announced a $0.60 quarterly dividend, equivalent to a 1.9% yield, though its payout ratio is elevated at 533.33%.

Wellington Management Group LLP reduced its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 64.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,355 shares of the basic materials company's stock after selling 59,724 shares during the quarter. Wellington Management Group LLP's holdings in DuPont de Nemours were worth $4,524,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. State Street Corp grew its stake in shares of DuPont de Nemours by 1.2% in the 4th quarter. State Street Corp now owns 18,412,070 shares of the basic materials company's stock worth $740,165,000 after acquiring an additional 215,928 shares in the last quarter. Auto Owners Insurance Co boosted its holdings in DuPont de Nemours by 4,275.8% during the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company's stock worth $70,561,000 after purchasing an additional 17,151,278 shares during the last quarter. Invesco Ltd. boosted its holdings in DuPont de Nemours by 64.4% during the fourth quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company's stock worth $583,487,000 after purchasing an additional 5,686,490 shares during the last quarter. Geode Capital Management LLC grew its position in DuPont de Nemours by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 11,019,892 shares of the basic materials company's stock worth $441,285,000 after purchasing an additional 74,355 shares in the last quarter. Finally, Nuveen LLC increased its stake in DuPont de Nemours by 18.9% in the 4th quarter. Nuveen LLC now owns 10,662,674 shares of the basic materials company's stock valued at $428,639,000 after buying an additional 1,695,097 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lifted 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 report on Monday, August 10th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of DuPont de Nemours in a report on Monday, August 3rd. UBS Group increased their price target on DuPont de Nemours from $175.00 to $178.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Zacks Research cut DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 17th. Finally, Citigroup upped their price objective on DuPont de Nemours from $168.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $166.60.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $127.94 on Thursday. The business's 50 day simple moving average is $138.05 and its 200 day simple moving average is $140.18. DuPont de Nemours, Inc. has a 12 month low of $92.49 and a 12 month high of $157.98. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 284.36, a PEG ratio of 1.20 and a beta of 1.06. 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 released its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.12. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%.The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the business posted $1.12 earnings per share. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 7.27 EPS for the current year.

DuPont de Nemours Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.40 annualized dividend and a yield of 1.9%. DuPont de Nemours's dividend payout ratio (DPR) is 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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