Qsemble Capital Management LP Buys 13,514 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Qsemble Capital Management LP lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 61.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,536 shares of the basic materials company’s stock after acquiring an additional 13,514 shares during the quarter. Qsemble Capital Management LP’s holdings in DuPont de Nemours were worth $3,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DD. Legal & General Group Plc boosted its position in DuPont de Nemours by 0.7% in the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after purchasing an additional 25,857 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of DuPont de Nemours by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after buying an additional 39,189 shares during the last quarter. Swiss National Bank grew its position in DuPont de Nemours by 0.3% during the third quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock valued at $110,583,000 after buying an additional 3,200 shares during the period. Ceredex Value Advisors LLC increased its holdings in DuPont de Nemours by 3.9% during the third quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock valued at $107,865,000 after buying an additional 45,308 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in DuPont de Nemours in the second quarter worth approximately $83,540,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DD has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their price objective on 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. Royal Bank of Canada raised their target price 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. Finally, Wells Fargo & Company upped their price target 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Trading Up 1.3 %

Shares of DuPont de Nemours stock opened at $84.42 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The business has a 50-day moving average price of $84.69 and a 200-day moving average price of $81.81. The firm has a market cap of $35.28 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 1.99 and a beta of 1.35.

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

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 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.