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

Mengis Capital Management Inc. lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 0.7% during the fourth quarter, HoldingsChannel reports. The fund owned 23,886 shares of the basic materials company’s stock after selling 168 shares during the quarter. Mengis Capital Management Inc.’s holdings in DuPont de Nemours were worth $1,821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pine Valley Investments Ltd Liability Co raised its holdings in shares of DuPont de Nemours by 27.8% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 10,200 shares of the basic materials company’s stock worth $778,000 after acquiring an additional 2,216 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of DuPont de Nemours by 33.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 5,982 shares of the basic materials company’s stock worth $456,000 after acquiring an additional 1,502 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of DuPont de Nemours by 591.3% in the 4th quarter. IFP Advisors Inc now owns 36,557 shares of the basic materials company’s stock worth $2,787,000 after acquiring an additional 31,269 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of DuPont de Nemours by 715.6% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,225 shares of the basic materials company’s stock worth $1,695,000 after acquiring an additional 19,500 shares during the last quarter. Finally, Howard Capital Management Inc. raised its holdings in shares of DuPont de Nemours by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 144 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on DD shares. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. BMO Capital Markets increased their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. Finally, Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Stock Up 0.2 %

DuPont de Nemours stock opened at $81.82 on Tuesday. DuPont de Nemours, Inc. has a twelve month low of $68.21 and a twelve month high of $90.06. The firm has a 50 day moving average price of $77.72 and a 200-day moving average price of $81.27. The company has a market capitalization of $34.20 billion, a P/E ratio of 48.99, a P/E/G ratio of 2.15 and a beta of 1.34. 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 (NYSE:DD) last released its 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 net margin of 5.47% and a return on equity of 7.12%. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.00%. DuPont de Nemours’s dividend payout ratio (DPR) 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.