DuPont de Nemours, Inc. (NYSE:DD) Receives $99.17 Consensus PT from Analysts

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $99.17.

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. UBS Group raised their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th.

Institutional Trading of DuPont de Nemours

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd increased its stake in DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in DuPont de Nemours during the 4th quarter worth about $28,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter worth about $29,000. Finally, Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $31,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

DD opened at $76.00 on Tuesday. 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’s 50-day moving average price is $78.52 and its 200 day moving average price is $80.78. DuPont de Nemours has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The firm has a market cap of $31.77 billion, a price-to-earnings ratio of 45.51, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, sell-side analysts expect that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.16%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

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.