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

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the 4th quarter worth $29,000. Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the 4th quarter worth $31,000. Golden State Wealth Management LLC acquired a new position in DuPont de Nemours during the 4th quarter worth $33,000. Finally, FSA Wealth Management LLC acquired a new position in DuPont de Nemours during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 2.2 %

NYSE:DD opened at $75.25 on Monday. The firm has a market capitalization of $31.46 billion, a price-to-earnings ratio of 45.06, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06. 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 business’s fifty day moving average price is $78.46 and its 200 day moving average price is $80.89.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.18%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is 98.20%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DD. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research report on Friday, January 17th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. dropped 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. Citigroup boosted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada dropped 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 Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

About DuPont de Nemours

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.