DuPont de Nemours, Inc. (NYSE:DD) Receives Consensus Rating of “Hold” from Brokerages

DuPont de Nemours, Inc. (NYSE:DD) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $80.00.

A number of equities analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Citigroup boosted their price target on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Finally, Mizuho boosted their price target on shares of DuPont de Nemours from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday.

DuPont de Nemours Stock Performance

NYSE DD opened at $77.71 on Friday. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $79.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.73. The firm has a market cap of $32.49 billion, a price-to-earnings ratio of 94.77, a PEG ratio of 2.52 and a beta of 1.39. The company has a fifty day moving average price of $73.77 and a 200-day moving average price of $72.11.

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 the consensus estimate of $0.65 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. As a group, equities research analysts predict that DuPont de Nemours will post 3.55 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s payout ratio is 185.37%.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Peoples Bank KS bought a new position in shares of DuPont de Nemours in the third quarter worth approximately $25,000. Northwest Financial Advisors bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $25,000. Palisade Asset Management LLC bought a new position in DuPont de Nemours during the first quarter valued at approximately $25,000. LifeSteps Financial Inc. purchased a new position in shares of DuPont de Nemours during the first quarter worth approximately $28,000. Finally, Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours during the first quarter worth approximately $33,000. 73.96% of the stock is currently owned by institutional investors.

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.