DuPont de Nemours, Inc. (NYSE:DD) Receives $85.92 Consensus PT from Analysts

DuPont de Nemours, Inc. (NYSE:DD) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $85.92.

A number of analysts have weighed in on DD shares. Mizuho decreased their price objective on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. UBS Group increased their price target on DuPont de Nemours from $79.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Wall Street Zen cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wells Fargo & Company cut their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley lowered their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th.

Institutional Trading of DuPont de Nemours

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of DuPont de Nemours by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock worth $3,502,090,000 after acquiring an additional 298,408 shares in the last quarter. Nuveen LLC acquired a new position in DuPont de Nemours during the first quarter worth $531,037,000. Franklin Resources Inc. boosted its position in DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after purchasing an additional 483,722 shares in the last quarter. Northern Trust Corp grew its holdings in DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock valued at $376,051,000 after purchasing an additional 690,218 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in DuPont de Nemours by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after purchasing an additional 746,364 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 2.2%

DD stock opened at $70.12 on Friday. DuPont de Nemours has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The company has a market cap of $29.35 billion, a price-to-earnings ratio of 41.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a fifty day moving average price of $64.98 and a 200 day moving average price of $73.72.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts expect that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is -863.16%.

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.