HM Payson & Co. Acquires 919 Shares of DuPont de Nemours, Inc. (NYSE:DD)

HM Payson & Co. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,060 shares of the basic materials company’s stock after acquiring an additional 919 shares during the period. HM Payson & Co.’s holdings in DuPont de Nemours were worth $996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new position in DuPont de Nemours during the fourth quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in DuPont de Nemours during the fourth quarter valued at about $29,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours during the fourth quarter valued at about $31,000. Ashton Thomas Securities LLC bought a new position in DuPont de Nemours during the third quarter valued at about $38,000. Finally, Golden State Wealth Management LLC bought a new position in DuPont de Nemours during the fourth quarter valued at about $33,000. 73.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DD. Royal Bank of Canada lowered their price target on 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. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on 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. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, UBS Group upped their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Down 0.7 %

Shares of DD opened at $78.21 on Friday. The company has a market capitalization of $32.70 billion, a P/E ratio of 46.83, a PEG ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a one year low of $71.34 and a one year high of $90.06. The business’s 50 day simple moving average is $78.15 and its 200-day simple moving average is $81.30.

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

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s payout ratio is presently 98.20%.

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.