ExodusPoint Capital Management LP Increases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

ExodusPoint Capital Management LP boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 58.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,143 shares of the basic materials company’s stock after buying an additional 41,632 shares during the quarter. ExodusPoint Capital Management LP’s holdings in DuPont de Nemours were worth $8,627,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DD. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours in the 4th quarter worth $26,000. Byrne Asset Management LLC bought a new position in DuPont de Nemours in the fourth quarter worth about $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at about $31,000. Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $33,000. Finally, Noble Wealth Management PBC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $35,000. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on DD shares. 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. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Citigroup boosted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten 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 $99.17.

DuPont de Nemours Stock Performance

DD opened at $58.96 on Friday. 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 $56.18 and a 12-month high of $90.06. The firm has a 50 day moving average of $77.71 and a two-hundred day moving average of $80.38. The firm has a market capitalization of $24.65 billion, a PE ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.41 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. DuPont de Nemours’s payout ratio is presently 98.20%.

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.