ExodusPoint Capital Management LP Has $8.63 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

ExodusPoint Capital Management LP boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 58.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of DuPont de Nemours during the fourth quarter worth $146,605,000. Prudential Financial Inc. increased its stake in DuPont de Nemours by 337.5% during the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after buying an additional 986,366 shares during the period. Assenagon Asset Management S.A. lifted its holdings in DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock worth $80,707,000 after buying an additional 859,333 shares in the last quarter. Schroder Investment Management Group boosted its position in DuPont de Nemours by 194.7% in the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after buying an additional 756,604 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of DuPont de Nemours during the fourth quarter valued at about $50,063,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

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DuPont de Nemours Price Performance

NYSE:DD traded down $5.47 during mid-day trading on Thursday, reaching $56.48. 2,093,822 shares of the stock were exchanged, compared to its average volume of 2,337,658. The business has a fifty day moving average price of $75.88 and a 200 day moving average price of $79.51. The firm has a market capitalization of $23.64 billion, a PE ratio of 33.78, a PEG ratio of 2.15 and a beta of 1.25. 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 1-year low of $53.77 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.90%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio is presently 98.20%.

Analyst Ratings Changes

Several research analysts recently commented on DD shares. 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. Wolfe Research upgraded 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 note on Friday, January 17th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Citigroup cut their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $93.33.

About DuPont de Nemours

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.