Saudi Central Bank Sells 5,890 Shares of DuPont de Nemours, Inc. $DD

Saudi Central Bank reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 38.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,575 shares of the basic materials company’s stock after selling 5,890 shares during the period. Saudi Central Bank’s holdings in DuPont de Nemours were worth $1,299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC boosted its position in DuPont de Nemours by 168.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Palisade Asset Management LLC acquired a new position in DuPont de Nemours during the third quarter worth $26,000. Imprint Wealth LLC bought a new position in DuPont de Nemours in the third 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 worth about $64,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $131.46 on Wednesday. DuPont de Nemours, Inc. has a 52 week low of $92.49 and a 52 week high of $157.98. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of 292.20, a PEG ratio of 1.20 and a beta of 1.06. The company has a 50-day simple moving average of $138.26 and a 200 day simple moving average of $140.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.81 billion. During the same period last year, the business posted $1.12 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.60 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.40 annualized dividend and a yield of 1.8%. DuPont de Nemours’s payout ratio is 533.33%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DD shares. Zacks Research cut DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Citigroup boosted their price target on DuPont de Nemours from $168.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. UBS Group increased 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. The Goldman Sachs Group boosted 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, Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday, August 3rd. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.