Mengis Capital Management Inc. Sells 750 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mengis Capital Management Inc. cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,054 shares of the basic materials company’s stock after selling 750 shares during the period. Mengis Capital Management Inc.’s holdings in DuPont de Nemours were worth $2,143,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Empower Advisory Group LLC boosted its position in shares of DuPont de Nemours by 2.0% during the 3rd quarter. Empower Advisory Group LLC now owns 951,504 shares of the basic materials company’s stock valued at $84,789,000 after acquiring an additional 18,914 shares during the last quarter. Victory Capital Management Inc. raised its stake in DuPont de Nemours by 0.6% during the third quarter. Victory Capital Management Inc. now owns 165,293 shares of the basic materials company’s stock valued at $14,729,000 after purchasing an additional 993 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in DuPont de Nemours by 9.5% during the third quarter. Aptus Capital Advisors LLC now owns 4,735 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 411 shares during the last quarter. Missouri Trust & Investment Co grew its stake in shares of DuPont de Nemours by 11.6% in the 3rd quarter. Missouri Trust & Investment Co now owns 24,618 shares of the basic materials company’s stock worth $2,194,000 after buying an additional 2,564 shares in the last quarter. Finally, Aigen Investment Management LP increased its holdings in shares of DuPont de Nemours by 63.5% in the 3rd quarter. Aigen Investment Management LP now owns 17,900 shares of the basic materials company’s stock worth $1,595,000 after buying an additional 6,950 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company increased 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. Finally, Morgan Stanley lifted their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Trading Down 1.6 %

Shares of NYSE:DD opened at $82.31 on Wednesday. The company has a market capitalization of $34.40 billion, a PE ratio of 43.32, a P/E/G ratio of 2.00 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The business’s fifty day simple moving average is $84.30 and its 200-day simple moving average is $81.46.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.85%. DuPont de Nemours’s dividend payout ratio (DPR) is 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.