Tufton Capital Management Cuts Position in DuPont de Nemours, Inc. (NYSE:DD)

Tufton Capital Management lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,606 shares of the basic materials company’s stock after selling 406 shares during the quarter. Tufton Capital Management’s holdings in DuPont de Nemours were worth $3,325,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at approximately $33,000. R Squared Ltd purchased a new position in DuPont de Nemours during the 4th quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on DD shares. Wells Fargo & Company cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup lifted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Trading Down 0.5 %

Shares of NYSE DD opened at $81.07 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $77.91 and a two-hundred day simple moving average of $81.30. The firm has a market cap of $33.89 billion, a PE ratio of 48.54, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a twelve month low of $68.21 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued 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 return on equity of 7.12% and a net margin of 5.47%. Analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.02%. DuPont de Nemours’s 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.