DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Mill Capital Management LLC

Mill Capital Management LLC reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,959 shares of the basic materials company’s stock after selling 200 shares during the period. Mill Capital Management LLC’s holdings in DuPont de Nemours were worth $378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $29,000. Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $33,000. Finally, Noble Wealth Management PBC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $35,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

DD stock opened at $75.25 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. The stock’s 50 day moving average is $78.46 and its two-hundred day moving average is $80.89. The company has a market capitalization of $31.46 billion, a PE ratio of 45.06, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. Analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is 98.20%.

Analyst Upgrades and Downgrades

DD has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. UBS Group raised their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company dropped their target price 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. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Finally, Citigroup raised their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Three equities 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

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.