DuPont de Nemours (NYSE:DD) Reaches New 52-Week High at $85.12

DuPont de Nemours, Inc. (NYSE:DD)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $85.12 and last traded at $85.12, with a volume of 6880 shares traded. The stock had previously closed at $84.11.

Analysts Set New Price Targets

A number of brokerages recently commented on DD. UBS Group upped their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Citigroup reduced their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Barclays upped their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Stock Performance

The stock has a 50 day moving average price of $80.80 and a two-hundred day moving average price of $78.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The company has a market capitalization of $35.49 billion, a price-to-earnings ratio of 102.54, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company posted $0.85 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.38 per share. The ex-dividend date was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.79%. DuPont de Nemours’s payout ratio is currently 185.37%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after purchasing an additional 3,168,740 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of DuPont de Nemours by 403.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after acquiring an additional 1,139,156 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at approximately $83,540,000. Renaissance Technologies LLC bought a new position in DuPont de Nemours during the 2nd quarter worth approximately $67,665,000. Finally, Ceredex Value Advisors LLC grew its holdings in DuPont de Nemours by 95.0% during the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after purchasing an additional 567,732 shares during the period. Institutional investors own 73.96% of the company’s stock.

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.