5 Value Stocks in Joel Greenblatt’s Portfolio

3. DuPont de Nemours, Inc. (NYSE:DD)

Gotham Asset Management’s Stake Value: $13,537,000

Percentage of Gotham Asset Management’s 13F Portfolio: 0.54%

Number of Hedge Fund Holders: 51

P/E Ratio as of December 22: 7.07

DuPont de Nemours, Inc. (NYSE:DD) stock represents 0.54% of Joel Greenblatt’s Q3 portfolio, with the value investor increasing his stake in the company by 4% in the third quarter. Greenblatt owns 199,106 shares of DuPont de Nemours, Inc. (NYSE:DD), worth $13.53 million. 

DuPont de Nemours, Inc. (NYSE:DD) is a diversified company with multiple product lines including construction materials, fabrics and fibers, packaging materials, solar/photovoltaic materials, adhesives, resins, and water solutions, among others. 

On December 20, UBS analyst John Roberts raised the price target on DuPont de Nemours, Inc. (NYSE:DD) to $102 from $98 and kept a Buy rating on the shares. 

According to the Q3 database of Insider Monkey, 51 hedge funds were bullish on DuPont de Nemours, Inc. (NYSE:DD), down from 57 funds in the preceding quarter. The leading stakeholder of DuPont de Nemours, Inc. (NYSE:DD) from Q3 is 40 North Management, with 4.87 million shares worth $331.45 million.

Here is what Rhizome Partners has to say about DuPont de Nemours, Inc. (NYSE:DD) in its Q1 2021 investor letter:

“We have written extensively about the anticipated DuPont’s Reverse Morris Trust merger with International Flavors and Fragrances (IFF) in January of 2021. During the quarter, DuPont shares traded up significantly in anticipation of the deal. We tendered about 40% of our DuPont shares for IFF and received about half of the allocation due to pro-ration. Investors are finally starting to appreciate DuPont’s effort to cut costs, streamline operations, and spin off companies into pure-play companies that trade at higher multiples. We are still getting used to the higher multiples that investors will pay for larger market cap and pure play companies such as DuPont.”