Concentric Capital Strategies LP Lowers Position in DuPont de Nemours, Inc. (NYSE:DD)

Concentric Capital Strategies LP lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 44.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,302 shares of the basic materials company's stock after selling 93,244 shares during the period. Concentric Capital Strategies LP's holdings in DuPont de Nemours were worth $8,944,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of DuPont de Nemours by 4.6% in the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company's stock worth $43,727,000 after acquiring an additional 21,435 shares during the period. Bangor Savings Bank increased its position in shares of DuPont de Nemours by 22.6% during the fourth quarter. Bangor Savings Bank now owns 1,075 shares of the basic materials company's stock valued at $82,000 after buying an additional 198 shares during the period. Diversified Trust Co lifted its holdings in shares of DuPont de Nemours by 27.5% in the fourth quarter. Diversified Trust Co now owns 8,436 shares of the basic materials company's stock worth $643,000 after buying an additional 1,820 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in shares of DuPont de Nemours by 5.9% in the fourth quarter. ST Germain D J Co. Inc. now owns 5,296 shares of the basic materials company's stock valued at $404,000 after acquiring an additional 294 shares during the period. Finally, Hilltop National Bank boosted its position in shares of DuPont de Nemours by 6.1% in the fourth quarter. Hilltop National Bank now owns 17,303 shares of the basic materials company's stock valued at $1,319,000 after acquiring an additional 996 shares during the period. Institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on DD. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Morgan Stanley reduced their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday. Barclays lowered their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Citigroup cut their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $85.07.

DuPont de Nemours Trading Up 0.8 %

DD traded up $0.52 on Friday, hitting $66.77. 1,742,290 shares of the company were exchanged, compared to its average volume of 2,415,162. The stock has a market capitalization of $27.94 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a fifty day simple moving average of $68.36 and a two-hundred day simple moving average of $76.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 EPS. Sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

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.