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

Jacobs Levy Equity Management Inc. lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 22.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,976,736 shares of the basic materials company’s stock after acquiring an additional 365,796 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in DuPont de Nemours were worth $176,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in DD. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours in the 2nd quarter valued at approximately $27,000. Denver PWM LLC acquired a new position in DuPont de Nemours during the second quarter worth approximately $28,000. Fortitude Family Office LLC increased its position in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares in the last quarter. Quarry LP bought a new position in DuPont de Nemours during the 2nd quarter valued at $37,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter worth about $38,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 0.2 %

Shares of NYSE DD opened at $83.72 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $84.75 and its 200 day moving average is $81.96. The company has a market cap of $34.99 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 2.00 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating 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 firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Announces Dividend

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

Analyst Ratings Changes

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

DuPont de Nemours Company 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.