IKE Capital LLC Lowers Holdings in DuPont de Nemours, Inc. $DD

IKE Capital LLC reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 72.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,829 shares of the basic materials company’s stock after selling 7,580 shares during the quarter. IKE Capital LLC’s holdings in DuPont de Nemours were worth $384,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DD. PNC Financial Services Group Inc. raised its holdings in DuPont de Nemours by 21.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,119,613 shares of the basic materials company’s stock worth $45,008,000 after purchasing an additional 200,550 shares in the last quarter. Ancora Advisors LLC acquired a new stake in DuPont de Nemours in the second quarter valued at about $8,317,000. Cullen Capital Management LLC purchased a new stake in DuPont de Nemours in the 2nd quarter valued at approximately $2,081,000. Boussard & Gavaudan Gestion Sas purchased a new stake in DuPont de Nemours in the 2nd quarter valued at approximately $4,912,000. Finally, Groupe la Francaise acquired a new position in DuPont de Nemours during the 2nd quarter worth approximately $1,394,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD traded down $0.35 on Wednesday, hitting $127.69. 1,010,611 shares of the company were exchanged, compared to its average volume of 1,418,735. DuPont de Nemours, Inc. has a fifty-two week low of $92.49 and a fifty-two week high of $157.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43. The firm has a market capitalization of $17.24 billion, a P/E ratio of 283.80, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The business’s fifty day moving average is $136.97 and its 200 day moving average is $139.48.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.12. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, sell-side analysts anticipate 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 was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 31st. DuPont de Nemours’s dividend payout ratio (DPR) is presently 533.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DD. JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $171.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. UBS Group lifted their price target on DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, August 3rd. The Goldman Sachs Group increased their price objective on 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, Citigroup raised their target price on DuPont de Nemours from $168.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Twelve 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.60.

DuPont de Nemours Company Profile

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.