Point72 Italy S.r.l. Acquires New Position in DuPont de Nemours, Inc. (NYSE:DD)

Point72 Italy S.r.l. acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 81,100 shares of the basic materials company’s stock, valued at approximately $7,227,000. DuPont de Nemours makes up 2.4% of Point72 Italy S.r.l.’s investment portfolio, making the stock its 17th largest holding.

A number of other institutional investors have also recently made changes to their positions in DD. Legal & General Group Plc grew its holdings in DuPont de Nemours by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after acquiring an additional 25,857 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in DuPont de Nemours by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after acquiring an additional 39,189 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in DuPont de Nemours by 22.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock worth $176,147,000 after acquiring an additional 365,796 shares in the last quarter. Swiss National Bank grew its holdings in DuPont de Nemours by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock worth $110,583,000 after acquiring an additional 3,200 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in DuPont de Nemours by 3.9% during the 3rd quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock worth $107,865,000 after acquiring an additional 45,308 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Monday. Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Barclays upped their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Stock Down 0.9 %

DD stock opened at $82.97 on Wednesday. The company has a fifty day moving average price of $84.74 and a 200 day moving average price of $82.00. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a market cap of $34.68 billion, a price-to-earnings ratio of 43.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.83%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

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.