Jacobs Levy Equity Management Inc. Sells 13,368 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Jacobs Levy Equity Management Inc. reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,963,368 shares of the basic materials company’s stock after selling 13,368 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.47% of DuPont de Nemours worth $149,707,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of DuPont de Nemours by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock valued at $3,552,961,000 after acquiring an additional 353,010 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after purchasing an additional 483,722 shares in the last quarter. Northern Trust Corp raised its stake in shares of DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock worth $376,051,000 after purchasing an additional 690,218 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of DuPont de Nemours by 10.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company’s stock valued at $260,276,000 after purchasing an additional 336,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of DuPont de Nemours by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company’s stock valued at $236,909,000 after buying an additional 417,359 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $66.77 on Friday. The stock has a market cap of $27.94 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The firm has a fifty day moving average price of $68.36 and a 200-day moving average price of $75.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business posted $0.79 EPS. DuPont de Nemours’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.46%. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

Analyst Ratings Changes

Several equities analysts have issued reports on DD shares. Mizuho lowered their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. Morgan Stanley lowered their price target on DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Finally, Barclays cut their price objective on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.07.

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.