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

IKE Capital LLC reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 72.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 hedge funds have also made changes to their positions in DD. Core Capital Management & Research inc. acquired a new stake in DuPont de Nemours during the second quarter worth approximately $299,000. National Pension Service boosted its holdings in shares of DuPont de Nemours by 11.6% in the 2nd quarter. National Pension Service now owns 29,133 shares of the basic materials company’s stock valued at $3,952,000 after buying an additional 3,022 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at $353,000. IFP Advisors Inc grew its position in shares of DuPont de Nemours by 28.2% in the 2nd quarter. IFP Advisors Inc now owns 122,209 shares of the basic materials company’s stock valued at $16,576,000 after buying an additional 26,882 shares during the last quarter. Finally, Nykredit A S acquired a new stake in DuPont de Nemours during the 2nd quarter worth $4,911,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DD shares. The Goldman Sachs Group boosted their price target on shares of DuPont de Nemours from $53.00 to $159.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $171.00 to $172.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Royal Bank Of Canada reduced their target price on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Citigroup upped their target price on DuPont de Nemours from $168.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Zacks Research downgraded DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $166.60.

DuPont de Nemours Stock Performance

DuPont de Nemours stock traded down $0.35 during midday trading on Wednesday, hitting $127.69. 1,010,611 shares of the company’s stock were exchanged, compared to its average volume of 1,418,735. 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 stock has a market cap of $17.24 billion, a price-to-earnings ratio of 283.80, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. DuPont de Nemours, Inc. has a 12-month low of $92.49 and a 12-month high of $157.98. The firm’s 50 day simple moving average is $136.97 and its 200 day simple moving average is $139.48.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, beating 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 business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company earned $1.12 earnings per share. The business’s 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. Equities research analysts predict that DuPont de Nemours, Inc. will post 7.27 EPS for the current year.

DuPont de Nemours Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $2.40 annualized dividend and a yield of 1.9%. DuPont de Nemours’s dividend payout ratio is currently 533.33%.

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.