Bragg Financial Advisors Inc Has $1.97 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Bragg Financial Advisors Inc trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,895 shares of the basic materials company’s stock after selling 1,011 shares during the period. Bragg Financial Advisors Inc’s holdings in DuPont de Nemours were worth $1,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Choreo LLC grew its position in DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after buying an additional 8,205 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $1,343,000. Grandfield & Dodd LLC raised its stake in shares of DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 3,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 2.0 %

Shares of NYSE DD opened at $58.80 on Monday. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The firm’s 50-day simple moving average is $75.15 and its 200 day simple moving average is $79.05. 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 company has a market cap of $24.61 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping 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, research 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.79%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 98.20%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DD shares. BMO Capital Markets increased their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research note on Friday, January 17th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. UBS Group raised their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.33.

About DuPont de Nemours

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.