DuPont de Nemours (NYSE:DD) Sets New 1-Year Low Following Analyst Downgrade

DuPont de Nemours, Inc. (NYSE:DD) shares reached a new 52-week low during trading on Wednesday after Citigroup lowered their price target on the stock from $95.00 to $74.00. Citigroup currently has a buy rating on the stock. DuPont de Nemours traded as low as $54.05 and last traded at $54.75, with a volume of 7148534 shares trading hands. The stock had previously closed at $57.78.

A number of other analysts have also recently commented on DD. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wolfe Research raised 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $95.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DD. United Bank lifted its stake in DuPont de Nemours by 2.7% during the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after acquiring an additional 290 shares during the period. Quantinno Capital Management LP lifted its position in DuPont de Nemours by 47.9% during the third quarter. Quantinno Capital Management LP now owns 33,591 shares of the basic materials company’s stock valued at $2,993,000 after purchasing an additional 10,886 shares during the period. Stifel Financial Corp boosted its holdings in DuPont de Nemours by 2.4% in the third quarter. Stifel Financial Corp now owns 245,763 shares of the basic materials company’s stock worth $21,900,000 after purchasing an additional 5,655 shares during the last quarter. EP Wealth Advisors LLC grew its position in DuPont de Nemours by 61.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 14,799 shares of the basic materials company’s stock worth $1,319,000 after purchasing an additional 5,642 shares during the period. Finally, MML Investors Services LLC raised its stake in DuPont de Nemours by 73.4% during the 3rd quarter. MML Investors Services LLC now owns 84,394 shares of the basic materials company’s stock valued at $7,520,000 after buying an additional 35,710 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

The stock has a market capitalization of $22.89 billion, a P/E ratio of 32.79, a PEG ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a fifty day moving average price of $76.46 and a two-hundred day moving average price of $79.79.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. As a group, analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.00%. This is a positive change 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 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.