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

Qsemble Capital Management LP purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,898 shares of the basic materials company’s stock, valued at approximately $299,000.

Other hedge funds also recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at $1,859,000. Premier Path Wealth Partners LLC bought a new stake in DuPont de Nemours during the 4th quarter valued at $1,031,000. abrdn plc boosted its holdings in DuPont de Nemours by 30.9% during the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after acquiring an additional 95,505 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in DuPont de Nemours during the 4th quarter worth $797,000. Finally, Red Mountain Financial LLC purchased a new position in DuPont de Nemours during the 4th quarter worth $980,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the transaction, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the transaction, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

DuPont de Nemours Stock Performance

NYSE DD traded up $2.01 during trading on Tuesday, hitting $82.21. 1,954,021 shares of the company’s stock traded hands, compared to its average volume of 2,831,279. The stock has a market capitalization of $34.37 billion, a price-to-earnings ratio of 100.26, a PEG ratio of 2.52 and a beta of 1.34. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $82.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The business has a 50 day moving average of $79.90 and a 200-day moving average of $75.00.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Mizuho lifted their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Barclays lifted their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $101.00 in a report on Friday, May 17th. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $103.00 in a report on Friday, May 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $91.00.

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.