Jacobs Levy Equity Management Inc. Purchases 365,796 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Jacobs Levy Equity Management Inc. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 22.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,976,736 shares of the basic materials company’s stock after purchasing an additional 365,796 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.47% of DuPont de Nemours worth $176,147,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at $27,000. Denver PWM LLC purchased a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC grew its position in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares during the last quarter. Quarry LP acquired a new stake in DuPont de Nemours during the second quarter worth about $37,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours in the third quarter worth approximately $38,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

NYSE DD opened at $83.72 on Tuesday. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a 50-day simple moving average of $84.75 and a 200 day simple moving average of $81.96. The stock has a market capitalization of $34.99 billion, a PE ratio of 44.06, a P/E/G ratio of 2.00 and a beta of 1.34.

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

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays lifted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Morgan Stanley lifted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

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.