Jackson Square Capital LLC Takes $1.08 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Jackson Square Capital LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,092 shares of the basic materials company’s stock, valued at approximately $1,078,000.

Other hedge funds have also recently modified their holdings of the company. ESL Trust Services LLC purchased a new stake in DuPont de Nemours in the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours in the 2nd quarter worth approximately $27,000. Denver PWM LLC purchased a new stake in DuPont de Nemours in the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC boosted 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 worth $33,000 after purchasing an additional 131 shares in the last quarter. Finally, Quarry LP purchased a new stake in DuPont de Nemours in the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DD. Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Barclays upped their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price 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. Finally, Wells Fargo & Company increased their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Stock Down 1.6 %

NYSE DD opened at $84.33 on Thursday. The business has a fifty day moving average price of $84.25 and a 200 day moving average price of $81.12. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The company has a market cap of $35.22 billion, a P/E ratio of 44.38, a P/E/G ratio of 2.18 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last issued its earnings results 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 6.31% and a net margin of 5.30%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the company earned $0.92 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

DuPont de Nemours 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.