Concentric Capital Strategies LP Has $18.76 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Concentric Capital Strategies LP lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 485.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,546 shares of the basic materials company’s stock after purchasing an additional 174,608 shares during the quarter. DuPont de Nemours accounts for 0.8% of Concentric Capital Strategies LP’s portfolio, making the stock its 16th largest position. Concentric Capital Strategies LP owned about 0.05% of DuPont de Nemours worth $18,762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI bought a new position in shares of DuPont de Nemours during the 2nd quarter worth approximately $83,540,000. Renaissance Technologies LLC bought a new position in DuPont de Nemours during the 2nd quarter valued at about $67,665,000. Ceredex Value Advisors LLC boosted its position in DuPont de Nemours by 95.0% in the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after buying an additional 567,732 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of DuPont de Nemours by 164.9% in the third quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock valued at $63,983,000 after acquiring an additional 446,948 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in DuPont de Nemours by 74.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 932,049 shares of the basic materials company’s stock worth $83,055,000 after acquiring an additional 396,303 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $83.59 on Monday. The firm has a market capitalization of $34.94 billion, a P/E ratio of 43.99, a PEG ratio of 2.00 and a beta of 1.35. The business has a 50-day moving average of $84.75 and a 200-day moving average of $81.93. 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, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 80.00%.

Analysts Set New Price Targets

Several brokerages have issued reports on DD. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. 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. Morgan Stanley raised their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Barclays upped their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

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.