Cidel Asset Management Inc. Sells 5,766 Shares of DuPont de Nemours, Inc. $DD

Cidel Asset Management Inc. lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 71.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,342 shares of the basic materials company’s stock after selling 5,766 shares during the quarter. Cidel Asset Management Inc.’s holdings in DuPont de Nemours were worth $318,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings in shares of DuPont de Nemours by 21.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,119,613 shares of the basic materials company’s stock valued at $45,008,000 after buying an additional 200,550 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of DuPont de Nemours during the second quarter valued at approximately $8,317,000. Cullen Capital Management LLC purchased a new stake in DuPont de Nemours during the 2nd quarter valued at $2,081,000. Independent Advisor Alliance increased its holdings in DuPont de Nemours by 517.8% in the 4th quarter. Independent Advisor Alliance now owns 42,052 shares of the basic materials company’s stock worth $1,691,000 after buying an additional 35,245 shares in the last quarter. Finally, Boussard & Gavaudan Gestion Sas bought a new stake in shares of DuPont de Nemours in the second quarter worth approximately $4,912,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $171.00 to $172.00 and gave the company an “overweight” rating in a report on Monday, August 10th. UBS Group raised their price target on DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Citigroup increased their price objective on shares of DuPont de Nemours from $168.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. The Goldman Sachs Group boosted 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 report on Thursday, June 25th. Finally, Royal Bank Of Canada decreased their price objective 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. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.60.

DuPont de Nemours Stock Down 0.5%

NYSE:DD opened at $127.23 on Friday. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 282.79, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. DuPont de Nemours, Inc. has a twelve month low of $92.49 and a twelve month high of $157.98. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $137.80 and a 200-day simple moving average of $140.01.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $1.12 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that DuPont de Nemours, Inc. will post 7.27 EPS for the current year.

DuPont de Nemours Cuts Dividend

The business 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 of this dividend is Monday, August 31st. This represents a $2.40 dividend on an annualized basis and a dividend 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.