Engineers Gate Manager LP Sells 35,053 Shares of DuPont de Nemours, Inc. $DD

Engineers Gate Manager LP lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 55.6% during the second quarter, Holdings Channel reports. The fund owned 28,014 shares of the basic materials company’s stock after selling 35,053 shares during the quarter. Engineers Gate Manager LP’s holdings in DuPont de Nemours were worth $3,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Elevation Wealth Partners LLC grew its holdings in DuPont de Nemours by 168.5% in the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Palisade Asset Management LLC acquired a new position in shares of DuPont de Nemours during the third quarter valued at about $26,000. Imprint Wealth LLC acquired a new position in shares of DuPont de Nemours during the third quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter worth about $30,000. Finally, Continuum Advisory LLC acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $64,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

DD stock opened at $126.89 on Friday. 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 business has a 50-day simple moving average of $137.53 and a two-hundred day simple moving average of $139.92. The company has a market capitalization of $17.13 billion, a P/E ratio of 282.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.06. DuPont de Nemours, Inc. has a 52-week low of $92.49 and a 52-week high of $157.98.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.76 by $0.12. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%.The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $1.12 earnings per share. The company’s quarterly revenue 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. Research analysts expect that DuPont de Nemours, Inc. will post 7.27 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. DuPont de Nemours’s dividend payout ratio is presently 533.33%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Citigroup increased their price target on DuPont de Nemours from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Zacks Research cut DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. The Goldman Sachs Group boosted their price objective on DuPont de Nemours from $53.00 to $159.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada lowered their target price 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 investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. 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 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.