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

Engineers Gate Manager LP trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 55.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Palisade Asset Management LLC bought a new stake in shares of DuPont de Nemours during the third quarter worth $26,000. Imprint Wealth LLC bought a new position in shares of DuPont de Nemours in the 3rd quarter valued at $27,000. Basepoint Wealth LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at $28,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in DuPont de Nemours during the 3rd quarter worth $30,000. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DD shares. 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 research report on Monday, August 10th. The Goldman Sachs Group boosted their price target on DuPont de Nemours from $53.00 to $159.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Zacks Research downgraded DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. UBS Group raised their price objective on shares of DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $166.60.

DuPont de Nemours Stock Down 0.3%

Shares of NYSE DD opened at $126.89 on Friday. The company’s 50 day moving average price is $137.53 and its 200-day moving average price is $139.92. 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, Inc. has a 52-week low of $92.49 and a 52-week high of $157.98. The company has a market capitalization of $17.13 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 (NYSE:DD) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.12. The business 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%. DuPont de Nemours’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 earnings per share. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. Equities analysts forecast that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

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