Jacobs Levy Equity Management Inc. Has $72.08 Million Stake in DuPont de Nemours, Inc. $DD

Key Points

• Jacobs Levy Equity Management Inc. significantly reduced its stake in DuPont de Nemours, Inc. by 50.8% in Q1, now owning 965,214 shares valued at $72.08 million.
• DuPont's stock has received several increased target price ratings from brokerages, with Wells Fargo raising theirs from $81.00 to $90.00 and Citigroup from $75.00 to $85.00.
• The company announced a quarterly dividend of $0.41 per share, representing a dividend yield of 2.1% and scheduled to be paid on September 15th.

Jacobs Levy Equity Management Inc. lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 50.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 965,214 shares of the basic materials company's stock after selling 998,154 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.23% of DuPont de Nemours worth $72,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Summit Financial LLC increased its stake in shares of DuPont de Nemours by 3.7% in the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company's stock valued at $304,000 after purchasing an additional 146 shares during the period. Ballast Inc. increased its stake in shares of DuPont de Nemours by 0.9% in the first quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after purchasing an additional 159 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of DuPont de Nemours by 16.9% in the first quarter. GHP Investment Advisors Inc. now owns 1,173 shares of the basic materials company's stock valued at $88,000 after purchasing an additional 170 shares during the period. Moody National Bank Trust Division increased its stake in shares of DuPont de Nemours by 0.9% in the first quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company's stock valued at $1,440,000 after purchasing an additional 171 shares during the period. Finally, HBK Sorce Advisory LLC increased its stake in shares of DuPont de Nemours by 3.6% during the first quarter. HBK Sorce Advisory LLC now owns 5,096 shares of the basic materials company's stock valued at $381,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded up $0.62 during mid-day trading on Friday, hitting $77.77. The company's stock had a trading volume of 3,374,635 shares, compared to its average volume of 2,383,717. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $32.56 billion, a P/E ratio of -165.46, a P/E/G ratio of 1.94 and a beta of 1.07. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The stock's fifty day moving average price is $74.28 and its two-hundred day moving average price is $71.08.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.1%. DuPont de Nemours's dividend payout ratio (DPR) is currently -348.94%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. UBS Group raised their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Royal Bank Of Canada raised their price objective on shares of DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. KeyCorp raised their price objective on shares of DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Mizuho raised their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $88.25.

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.