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

Jacobs Levy Equity Management Inc. cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,963,368 shares of the basic materials company's stock after selling 13,368 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.47% of DuPont de Nemours worth $149,707,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DD. Choreo LLC increased its position in DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock worth $3,296,000 after purchasing an additional 8,205 shares during the last quarter. Merit Financial Group LLC increased its position in DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock worth $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in DuPont de Nemours in the 4th quarter worth about $1,343,000. Grandfield & Dodd LLC increased its position in DuPont de Nemours by 72.0% in the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after purchasing an additional 3,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after purchasing an additional 91,108 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

NYSE:DD traded down $2.12 during mid-day trading on Wednesday, hitting $68.49. 4,262,476 shares of the company's stock traded hands, compared to its average volume of 2,445,325. The firm has a 50 day moving average of $67.84 and a two-hundred day moving average of $75.76. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The firm has a market capitalization of $28.66 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 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 company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company earned $0.79 EPS. The company's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.39%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Wall Street Analysts Forecast Growth

DD has been the topic of several research reports. Mizuho dropped their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. KeyCorp increased their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price objective for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays lowered their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours presently has a consensus 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.