Worldquant Millennium Advisors LLC Has $42.09 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Worldquant Millennium Advisors LLC boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 552,003 shares of the basic materials company’s stock after buying an additional 101,949 shares during the period. Worldquant Millennium Advisors LLC’s holdings in DuPont de Nemours were worth $42,090,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd raised its holdings in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $31,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE DD opened at $68.86 on Wednesday. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a 50-day simple moving average of $67.28 and a 200 day simple moving average of $75.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The company has a market capitalization of $28.82 billion, a PE ratio of 41.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. On average, research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.38%. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

Analyst Ratings Changes

Several analysts have recently commented on DD shares. KeyCorp increased their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 5th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Bank of America upgraded shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Finally, Mizuho decreased their price objective on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.15.

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.