Jackson Square Capital LLC Buys New Position in DuPont de Nemours, Inc. (NYSE:DD)

Jackson Square Capital LLC bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the third quarter, Holdings Channel reports. The firm bought 12,092 shares of the basic materials company’s stock, valued at approximately $1,078,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DD. Norden Group LLC purchased a new position in shares of DuPont de Nemours in the 1st quarter valued at about $295,000. Central Pacific Bank Trust Division purchased a new position in shares of DuPont de Nemours in the 1st quarter valued at about $122,000. Empirical Finance LLC boosted its stake in shares of DuPont de Nemours by 2.9% in the 1st quarter. Empirical Finance LLC now owns 18,138 shares of the basic materials company’s stock valued at $1,391,000 after buying an additional 505 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of DuPont de Nemours by 16.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 44,632 shares of the basic materials company’s stock valued at $3,422,000 after buying an additional 6,458 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of DuPont de Nemours in the 1st quarter valued at about $762,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 1.6 %

NYSE:DD opened at $84.33 on Thursday. The firm has a market cap of $35.22 billion, a P/E ratio of 44.38, a PEG ratio of 2.18 and a beta of 1.35. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $84.25 and its 200-day simple moving average is $81.12. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is currently 80.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DD. Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley raised their target price on 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. Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

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.