Holocene Advisors LP Has $85.63 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Holocene Advisors LP lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 53.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 960,920 shares of the basic materials company’s stock after acquiring an additional 335,722 shares during the period. Holocene Advisors LP owned approximately 0.23% of DuPont de Nemours worth $85,628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DD. Tidal Investments LLC raised its holdings in shares of DuPont de Nemours by 22.8% in the 1st quarter. Tidal Investments LLC now owns 9,161 shares of the basic materials company’s stock worth $702,000 after buying an additional 1,700 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of DuPont de Nemours by 186.5% in the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after acquiring an additional 56,870 shares in the last quarter. Cetera Advisors LLC grew its position in DuPont de Nemours by 16.5% during the 1st quarter. Cetera Advisors LLC now owns 24,066 shares of the basic materials company’s stock worth $1,845,000 after acquiring an additional 3,409 shares during the last quarter. GAMMA Investing LLC increased its holdings in DuPont de Nemours by 61.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,330 shares of the basic materials company’s stock valued at $429,000 after purchasing an additional 2,031 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in DuPont de Nemours by 9.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,549 shares of the basic materials company’s stock worth $205,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their target price 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 upped their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley lifted their target price 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Price Performance

Shares of DD stock opened at $83.59 on Monday. The firm has a market capitalization of $34.94 billion, a price-to-earnings ratio of 43.99, a price-to-earnings-growth ratio of 2.00 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $84.75 and a 200-day moving average of $81.93.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm posted $0.92 earnings per share. DuPont de Nemours’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.