Wellington Management Group LLP Sells 59,724 Shares of DuPont de Nemours, Inc. $DD

Wellington Management Group LLP trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 64.2% in the second quarter, Holdings Channel reports. The institutional investor owned 33,355 shares of the basic materials company’s stock after selling 59,724 shares during the quarter. Wellington Management Group LLP’s holdings in DuPont de Nemours were worth $4,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the third quarter worth $26,000. Imprint Wealth LLC purchased a new position in shares of DuPont de Nemours in the third quarter valued at $27,000. Basepoint Wealth LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $28,000. Nalls Sherbakoff Group LLC bought 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 shares of DuPont de Nemours during the 3rd quarter valued at $30,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 2.6%

Shares of NYSE DD opened at $127.94 on Thursday. 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 business has a 50-day moving average of $138.05 and a 200-day moving average of $140.18. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 284.36, a PEG ratio of 1.20 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.

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, 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $1.12 earnings per share. DuPont de Nemours’s quarterly revenue 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. Sell-side analysts expect that DuPont de Nemours, Inc. will post 7.27 earnings per share for the current fiscal year.

DuPont de Nemours Cuts Dividend

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

Wall Street Analysts Forecast Growth

DD has been the subject of several analyst reports. Royal Bank Of Canada cut their target price on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, August 3rd. Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. The Goldman Sachs Group raised their price objective 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. Finally, UBS Group upped their target price on shares of DuPont de Nemours from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Twelve investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $166.60.

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.