UBS Group Cuts DuPont de Nemours (NYSE:DD) Price Target to $75.00

DuPont de Nemours (NYSE:DD) had its target price lowered by UBS Group from $103.00 to $75.00 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citigroup dropped their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada decreased their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $80.00 to $75.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.71.

DuPont de Nemours Trading Up 1.5 %

DuPont de Nemours stock opened at $60.13 on Tuesday. DuPont de Nemours has a one year low of $53.77 and a one year high of $90.06. The company’s fifty day moving average price is $73.83 and its two-hundred day moving average price is $78.39. The company has a market capitalization of $25.16 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

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

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.73%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DD. Vanguard Group Inc. lifted its holdings in DuPont de Nemours by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock valued at $3,552,961,000 after buying an additional 353,010 shares during the period. Franklin Resources Inc. lifted its stake in shares of DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock valued at $525,683,000 after purchasing an additional 483,722 shares during the period. Northern Trust Corp lifted its stake in shares of DuPont de Nemours by 16.3% in the 4th 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 period. Price T Rowe Associates Inc. MD boosted its position in shares of DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company’s stock worth $260,276,000 after purchasing an additional 336,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of DuPont de Nemours by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company’s stock worth $236,909,000 after purchasing an additional 417,359 shares during the period. Institutional investors own 73.96% of the company’s stock.

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.