Worldquant Millennium Advisors LLC Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Worldquant Millennium Advisors LLC lifted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 49.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 450,054 shares of the basic materials company's stock after buying an additional 148,891 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.11% of DuPont de Nemours worth $40,104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DD. CWM LLC raised its position in shares of DuPont de Nemours by 10.0% in the 2nd quarter. CWM LLC now owns 22,573 shares of the basic materials company's stock valued at $1,817,000 after buying an additional 2,053 shares in the last quarter. Simplicity Wealth LLC lifted its stake in DuPont de Nemours by 32.6% during the second quarter. Simplicity Wealth LLC now owns 11,563 shares of the basic materials company's stock worth $931,000 after purchasing an additional 2,841 shares during the last quarter. BDF Gestion acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at $2,612,000. Capital Investment Advisors LLC increased its stake in shares of DuPont de Nemours by 2.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 10,839 shares of the basic materials company's stock valued at $872,000 after purchasing an additional 303 shares during the last quarter. Finally, Webster Bank N. A. raised its holdings in shares of DuPont de Nemours by 23.2% during the 2nd quarter. Webster Bank N. A. now owns 1,912 shares of the basic materials company's stock worth $154,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DD. Morgan Stanley raised their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.42.

DuPont de Nemours Trading Up 1.3 %

Shares of DD traded up $1.08 during mid-day trading on Friday, reaching $82.82. 2,789,617 shares of the company were exchanged, compared to its average volume of 1,884,466. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a market capitalization of $34.61 billion, a PE ratio of 43.59, a PEG ratio of 1.99 and a beta of 1.34. The business has a 50 day simple moving average of $84.30 and a two-hundred day simple moving average of $82.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business's quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, November 29th. DuPont de Nemours's payout ratio is 80.00%.

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.