Mengis Capital Management Inc. Has $1.82 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Mengis Capital Management Inc. cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,886 shares of the basic materials company’s stock after selling 168 shares during the period. Mengis Capital Management Inc.’s holdings in DuPont de Nemours were worth $1,821,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Fortitude Family Office LLC increased its holdings in shares of DuPont de Nemours by 32.0% during the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock worth $48,000 after buying an additional 132 shares in the last quarter. Global Trust Asset Management LLC increased its holdings in shares of DuPont de Nemours by 1.5% during the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after buying an additional 133 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 137 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock worth $354,000 after purchasing an additional 143 shares during the last quarter. Finally, Howard Capital Management Inc. grew its stake in shares of DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 144 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DD has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of 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. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. Royal Bank of Canada reduced their price objective on shares of 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. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. Finally, Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Stock Performance

Shares of DD opened at $81.82 on Tuesday. The stock has a market capitalization of $34.20 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The firm’s fifty day simple moving average is $77.72 and its two-hundred day simple moving average is $81.27. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $68.21 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is 91.02%.

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.