Qsemble Capital Management LP Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

Qsemble Capital Management LP raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 61.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,536 shares of the basic materials company’s stock after buying an additional 13,514 shares during the period. Qsemble Capital Management LP’s holdings in DuPont de Nemours were worth $3,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Zurich Insurance Group Ltd FI purchased a new position in shares of DuPont de Nemours in the second quarter worth $83,540,000. Renaissance Technologies LLC bought a new position in shares of DuPont de Nemours during the second quarter valued at about $67,665,000. Ceredex Value Advisors LLC boosted its holdings in shares of DuPont de Nemours by 95.0% during the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after purchasing an additional 567,732 shares during the period. Panagora Asset Management Inc. grew its stake in shares of DuPont de Nemours by 1,800.2% in the second quarter. Panagora Asset Management Inc. now owns 345,391 shares of the basic materials company’s stock worth $27,801,000 after purchasing an additional 327,214 shares during the last quarter. Finally, Shellback Capital LP increased its holdings in DuPont de Nemours by 167.0% during the 2nd quarter. Shellback Capital LP now owns 513,956 shares of the basic materials company’s stock valued at $41,368,000 after purchasing an additional 321,456 shares during the period. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DD. Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays boosted their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Stock Up 1.3 %

Shares of NYSE:DD opened at $84.42 on Tuesday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The stock has a market capitalization of $35.28 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 1.99 and a beta of 1.35. The stock has a fifty day simple moving average of $84.69 and a two-hundred day simple moving average of $81.81. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.80%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.