Quantbot Technologies LP Has $4.85 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Quantbot Technologies LP boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 153.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 63,624 shares of the basic materials company’s stock after purchasing an additional 38,555 shares during the quarter. Quantbot Technologies LP’s holdings in DuPont de Nemours were worth $4,851,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Choreo LLC raised its stake in DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after acquiring an additional 8,205 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after purchasing an additional 9,730 shares during the last quarter. Grandfield & Dodd LLC grew its holdings in shares of DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 3,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DD has been the topic of several recent research reports. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Wells Fargo & Company decreased their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $77.16 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 $72.38 and a 12 month high of $90.06. The stock has a 50 day moving average of $78.19 and a 200-day moving average of $81.13. The company has a market capitalization of $32.25 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) 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%. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.41 dividend. The ex-dividend date is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.13%. DuPont de Nemours’s payout ratio is currently 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.