Mystic Asset Management Inc. Purchases 968 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mystic Asset Management Inc. lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 12.9% during the 4th quarter, HoldingsChannel reports. The firm owned 8,483 shares of the basic materials company’s stock after buying an additional 968 shares during the period. Mystic Asset Management Inc.’s holdings in DuPont de Nemours were worth $647,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $29,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $31,000. Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $33,000. Finally, Noble Wealth Management PBC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $35,000. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Performance

NYSE DD opened at $77.80 on Tuesday. The company has a 50-day simple moving average of $78.25 and a two-hundred day simple moving average of $81.07. 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, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06. The firm has a market cap of $32.52 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.11%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is 98.20%.

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.