Versor Investments LP Acquires Shares of 8,300 DuPont de Nemours, Inc. (NYSE:DD)

Versor Investments LP bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,300 shares of the basic materials company’s stock, valued at approximately $740,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the third quarter worth approximately $38,000. Los Angeles Capital Management LLC acquired a new stake in shares of DuPont de Nemours in the third quarter valued at about $9,934,000. Crossmark Global Holdings Inc. lifted its stake in shares of DuPont de Nemours by 5.7% in the third quarter. Crossmark Global Holdings Inc. now owns 187,642 shares of the basic materials company’s stock worth $16,721,000 after buying an additional 10,049 shares in the last quarter. Tyler Stone Wealth Management boosted its position in DuPont de Nemours by 93.5% during the third quarter. Tyler Stone Wealth Management now owns 5,839 shares of the basic materials company’s stock worth $520,000 after acquiring an additional 2,821 shares during the last quarter. Finally, Baker Avenue Asset Management LP acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $266,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Stock Down 1.6 %

Shares of DD opened at $82.31 on Wednesday. The company’s 50-day simple moving average is $84.30 and its 200-day simple moving average is $81.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.44 and a current ratio of 2.28. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The stock has a market capitalization of $34.40 billion, a PE ratio of 43.32, a P/E/G ratio of 2.01 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the company posted $0.92 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

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.