ExodusPoint Capital Management LP Buys 41,632 Shares of DuPont de Nemours, Inc. (NYSE:DD)

ExodusPoint Capital Management LP boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 58.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,143 shares of the basic materials company’s stock after purchasing 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.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Level Four Advisory Services LLC lifted its position in shares of DuPont de Nemours by 2.8% in the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock worth $357,000 after buying an additional 129 shares in the last quarter. Lake Street Advisors Group LLC raised its holdings in shares of DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock worth $323,000 after acquiring an additional 132 shares in the last quarter. Global Trust Asset Management LLC boosted its position in shares of DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after acquiring an additional 133 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 137 shares in the last quarter. Finally, Howard Capital Management Inc. increased its position in DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 13.0 %

Shares of DD opened at $58.96 on Friday. The firm has a fifty day moving average price of $77.71 and a 200-day moving average price of $80.38. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $24.65 billion, a P/E ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 12-month low of $56.18 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on DD shares. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Citigroup raised their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.