DuPont de Nemours (NYSE:DD) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of DuPont de Nemours (NYSE:DD) from a hold rating to a buy rating in a report released on Monday morning.

A number of other research analysts have also recently issued reports on the company. Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Trading Up 0.2 %

Shares of DD opened at $83.72 on Monday. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06. The firm has a market capitalization of $34.99 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 2.00 and a beta of 1.35. The firm’s 50-day moving average price is $84.75 and its 200-day moving average price is $81.96. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that DuPont de Nemours will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. DuPont de Nemours’s payout ratio is 80.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DD. Jennison Associates LLC raised its position in DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after purchasing an additional 9,730 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after acquiring an additional 28,553 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new position in DuPont de Nemours during the 2nd quarter valued at about $1,610,000. Cetera Investment Advisers raised its position in DuPont de Nemours by 186.5% in the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after purchasing an additional 56,870 shares during the period. Finally, Appian Way Asset Management LP purchased a new position in shares of DuPont de Nemours during the second quarter valued at approximately $2,978,000. 73.96% of the stock is currently owned by institutional investors.

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.