Trexquant Investment LP Purchases 266,183 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Trexquant Investment LP grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 326.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 347,734 shares of the basic materials company’s stock after buying an additional 266,183 shares during the period. Trexquant Investment LP owned approximately 0.08% of DuPont de Nemours worth $26,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of DuPont de Nemours by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock valued at $3,552,961,000 after buying an additional 353,010 shares in the last quarter. State Street Corp grew its holdings in shares of DuPont de Nemours by 2.4% during the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after buying an additional 399,728 shares in the last quarter. Geode Capital Management LLC boosted its stake in DuPont de Nemours by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after buying an additional 100,198 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of DuPont de Nemours by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after buying an additional 483,722 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after buying an additional 91,108 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DD. JPMorgan Chase & Co. lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. UBS Group lifted their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, Wolfe Research raised shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Performance

NYSE:DD opened at $74.72 on Tuesday. 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 stock has a market capitalization of $31.24 billion, a P/E ratio of 44.74, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The firm has a 50 day moving average of $78.40 and a 200-day moving average of $80.71. DuPont de Nemours, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data 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 return on equity of 7.12% and a net margin of 5.47%. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

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.