DuPont de Nemours (NYSE:DD) Price Target Raised to $81.00 at Barclays

DuPont de Nemours (NYSE:DD) had its price target upped by Barclays from $70.00 to $81.00 in a research note released on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the basic materials company’s stock.

Other analysts also recently issued reports about the company. Bank of America downgraded DuPont de Nemours from a buy rating to an underperform rating and increased their price target for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. Wolfe Research initiated coverage on DuPont de Nemours in a report on Friday, March 1st. They issued a peer perform rating for the company. StockNews.com upgraded shares of DuPont de Nemours from a sell rating to a hold rating in a research note on Wednesday, February 14th. Mizuho raised their price target on shares of DuPont de Nemours from $76.00 to $83.00 and gave the company a buy rating in a report on Thursday. Finally, BMO Capital Markets lowered shares of DuPont de Nemours from an outperform rating to a market perform rating and cut their price objective for the stock from $80.00 to $72.00 in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of Hold and an average target price of $80.00.

DuPont de Nemours Trading Down 0.1 %

Shares of DD opened at $77.67 on Thursday. The stock’s fifty day simple moving average is $73.93 and its 200 day simple moving average is $72.08. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $79.19. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $32.47 billion, a P/E ratio of 94.72, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The company’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that DuPont de Nemours will post 3.61 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.38 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.96%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Insider Activity

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of DuPont de Nemours

Institutional investors have recently modified their holdings of the company. Peoples Bank KS acquired a new position in shares of DuPont de Nemours in the 3rd quarter worth approximately $25,000. Northwest Financial Advisors acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at $25,000. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours in the first quarter valued at about $25,000. LifeSteps Financial Inc. acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $28,000. Finally, Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the first quarter worth about $33,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

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.