Quantbot Technologies LP Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Quantbot Technologies LP boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 83.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,069 shares of the basic materials company’s stock after purchasing an additional 11,406 shares during the period. Quantbot Technologies LP’s holdings in DuPont de Nemours were worth $2,234,000 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. Denver PWM LLC bought a new stake in DuPont de Nemours during the 2nd quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours in the second quarter valued at about $27,000. Fortitude Family Office LLC raised its stake in shares of DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the third quarter worth about $38,000. Finally, Quarry LP bought a new stake in shares of DuPont de Nemours in the second quarter worth about $37,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.1 %

DD stock opened at $83.90 on Friday. The business has a 50 day moving average of $84.73 and a 200 day moving average of $81.86. The firm has a market cap of $35.07 billion, a PE ratio of 44.16, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. 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 (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. On average, research analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company 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 $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 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DD shares. Wells Fargo & Company upped their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley boosted 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two equities research 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’s stock. According to MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $95.42.

About DuPont de Nemours

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.