Los Angeles Capital Management LLC Invests $9.93 Million in DuPont de Nemours, Inc. (NYSE:DD)

Los Angeles Capital Management LLC acquired a new position 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. The fund acquired 111,481 shares of the basic materials company’s stock, valued at approximately $9,934,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC increased its stake in DuPont de Nemours by 236.8% in the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after acquiring an additional 28,553 shares during the period. State Board of Administration of Florida Retirement System increased its stake in DuPont de Nemours by 9.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock valued at $42,953,000 after acquiring an additional 53,694 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in DuPont de Nemours in the second quarter valued at about $1,610,000. Cetera Investment Advisers increased its stake in DuPont de Nemours by 186.5% in the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after acquiring an additional 56,870 shares during the period. Finally, Appian Way Asset Management LP bought a new stake in DuPont de Nemours in the second quarter valued at about $2,978,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD stock opened at $83.61 on Tuesday. The firm’s 50 day moving average is $84.30 and its 200-day moving average is $81.40. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The firm has a market capitalization of $34.94 billion, a price-to-earnings ratio of 44.01, a PEG ratio of 2.01 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share 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 business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the business posted $0.92 earnings per share. DuPont de Nemours’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

DD has been the topic of a number of analyst reports. Wells Fargo & Company upped 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada upped 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. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Barclays upped their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $95.42.

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.