Quantbot Technologies LP Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Quantbot Technologies LP increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 83.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Legal & General Group Plc grew its stake in DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company's stock worth $310,945,000 after acquiring an additional 25,857 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 valued at $247,501,000 after purchasing an additional 39,189 shares during the period. Swiss National Bank grew its position in shares of DuPont de Nemours by 0.3% in 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 purchasing an additional 3,200 shares during the period. Ceredex Value Advisors LLC increased its stake in DuPont de Nemours by 3.9% in 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 purchasing an additional 45,308 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in DuPont de Nemours during the second quarter worth about $83,540,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Down 0.4 %

Shares of NYSE DD traded down $0.31 on Friday, hitting $83.59. The company had a trading volume of 1,162,709 shares, compared to its average volume of 2,467,064. 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 12-month low of $61.14 and a 12-month high of $90.06. 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 $84.74 and a two-hundred day moving average of $81.87.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed 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 is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. DuPont de Nemours's dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

Several analysts have commented on DD shares. Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Barclays upped 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 report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Royal Bank of Canada upped their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Two equities 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.42.

DuPont de Nemours 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.