Ipswich Investment Management Co. Inc. Sells 1,682 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ipswich Investment Management Co. Inc. lowered its stake in DuPont de Nemours, Inc. (NYSE:DD) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,320 shares of the basic materials company’s stock after selling 1,682 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in DuPont de Nemours were worth $711,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DD. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth $29,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $33,000. R Squared Ltd purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC bought a new position in DuPont de Nemours in the 3rd quarter worth $38,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 1.4 %

Shares of NYSE:DD opened at $81.67 on Friday. The firm has a 50 day simple moving average of $77.68 and a 200-day simple moving average of $81.20. DuPont de Nemours, Inc. has a twelve month low of $68.21 and a twelve month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $34.14 billion, a PE ratio of 48.90, a P/E/G ratio of 2.14 and a beta of 1.34.

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, 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%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business 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 dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 91.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank of Canada 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 report on Monday, February 10th. Wells Fargo & Company cut their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. BMO Capital Markets boosted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. 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 report on Wednesday, January 15th. Finally, Citigroup raised their price target on 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.75.

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.