Concentric Capital Strategies LP Purchases 33,924 Shares of DuPont de Nemours, Inc. $DD

Key Points

• Concentric Capital Strategies LP increased its stake in DuPont de Nemours, acquiring an additional 33,924 shares for a total of 151,226 shares, representing approximately 1.1% of its portfolio.
• Analysts are optimistic about DuPont's performance, with multiple brokerages raising their price targets, resulting in a consensus rating of "Moderate Buy" and an average target price of $88.25.
• DuPont recently announced a quarterly dividend of $0.41 per share, yielding 2.2%, with the ex-dividend date set for August 29th.

Concentric Capital Strategies LP boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 28.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,226 shares of the basic materials company's stock after buying an additional 33,924 shares during the period. DuPont de Nemours makes up 1.1% of Concentric Capital Strategies LP's investment portfolio, making the stock its 15th biggest holding. Concentric Capital Strategies LP's holdings in DuPont de Nemours were worth $11,294,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DD. Vermillion Wealth Management Inc. purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at $28,000. JNBA Financial Advisors grew its position in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 248 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of DuPont de Nemours during the 1st quarter valued at $35,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at $36,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 0.8%

DuPont de Nemours stock traded up $0.62 during mid-day trading on Friday, hitting $77.77. The company's stock had a trading volume of 3,374,635 shares, compared to its average volume of 2,365,223. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of -165.46, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. The business has a 50 day moving average price of $74.28 and a 200-day moving average price of $71.16. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. As a group, analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.1%. DuPont de Nemours's payout ratio is currently -348.94%.

Analyst Ratings Changes

DD has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. KeyCorp upped their target price on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Citigroup upped their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, Royal Bank Of Canada upped their target price on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.25.

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.