Mengis Capital Management Inc. Sells 567 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mengis Capital Management Inc. lowered its stake in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,984 shares of the basic materials company’s stock after selling 567 shares during the period. Mengis Capital Management Inc.’s holdings in DuPont de Nemours were worth $2,013,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Peoples Bank KS bought a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $25,000. Cornerstone Planning Group LLC bought a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $26,000. Nemes Rush Group LLC bought a new position in shares of DuPont de Nemours during the 2nd quarter valued at approximately $30,000. Finally, Carmel Capital Partners LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter valued at approximately $36,000. Institutional investors own 76.25% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the subject of several recent analyst reports. Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and upped their price target for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Barclays decreased their price target on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Wells Fargo & Company lowered DuPont de Nemours from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $85.00 to $69.00 in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and a consensus target price of $75.67.

Check Out Our Latest Research Report on DD

DuPont de Nemours Stock Up 1.2 %

Shares of DD traded up $0.79 during midday trading on Monday, reaching $68.47. 2,920,908 shares of the stock were exchanged, compared to its average volume of 4,187,148. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $71.74 and its two-hundred day moving average is $73.09. The company has a market capitalization of $29.44 billion, a P/E ratio of 73.71, a PEG ratio of 2.26 and a beta of 1.37.

DuPont de Nemours (NYSE:DDGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.44 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 29th will be given a dividend of $0.38 per share. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.22%. DuPont de Nemours’s dividend payout ratio is presently 154.84%.

DuPont de Nemours Profile

(Free Report)

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 addressing various steps of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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