DuPont de Nemours, Inc. (NYSE:DD) Receives $95.42 Average Target Price from Brokerages

DuPont de Nemours, Inc. (NYSE:DD) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $95.42.

Several research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors have recently modified their holdings of DD. State Street Corp raised its position in DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after purchasing an additional 399,728 shares during the period. Geode Capital Management LLC grew its stake in shares of DuPont de Nemours by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after buying an additional 100,198 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares during the period. Legal & General Group Plc lifted its stake in shares of DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after acquiring an additional 25,857 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in DuPont de Nemours by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock valued at $247,501,000 after acquiring an additional 39,189 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DD opened at $80.13 on Friday. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The stock’s fifty day moving average price is $83.50 and its two-hundred day moving average price is $82.10. The firm has a market cap of $33.49 billion, a PE ratio of 42.17, a PEG ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, equities research analysts forecast that DuPont de Nemours will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.