Empirical Finance LLC Has $742,000 Holdings in DuPont de Nemours, Inc. $DD

Empirical Finance LLC cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 65.7% during the 2nd quarter, Holdings Channel reports. The firm owned 5,471 shares of the basic materials company’s stock after selling 10,483 shares during the period. Empirical Finance LLC’s holdings in DuPont de Nemours were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DD. Elevation Wealth Partners LLC boosted its stake in shares of 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 valued at $32,000 after buying an additional 150 shares during the period. Palisade Asset Management LLC bought a new position in DuPont de Nemours during the 3rd quarter worth $26,000. Imprint Wealth LLC acquired a new position in DuPont de Nemours in the 3rd quarter valued at $27,000. Measured Wealth Private Client Group LLC acquired a new position in DuPont de Nemours in the 3rd quarter valued at $30,000. Finally, Continuum Advisory LLC bought a new stake in shares of DuPont de Nemours during the 2nd quarter valued at $64,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Citigroup boosted their price target on DuPont de Nemours from $168.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada cut their price objective on shares of DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $171.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $166.60.

DuPont de Nemours Price Performance

Shares of DD stock opened at $127.23 on Friday. The business has a fifty day simple moving average of $137.80 and a 200 day simple moving average of $140.01. The company has a market cap of $17.18 billion, a P/E ratio of 282.79, a P/E/G ratio of 1.17 and a beta of 1.06. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a twelve month low of $92.49 and a twelve month high of $157.98.

DuPont de Nemours (NYSE:DD) last released its 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 firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%.The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 earnings per share. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, sell-side analysts forecast 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 issued 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 dividend yield of 1.9%. DuPont de Nemours’s payout ratio is 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.