DuPont de Nemours (NYSE:DD) Upgraded by KeyCorp to Overweight Rating

KeyCorp upgraded shares of DuPont de Nemours (NYSE:DD) from a sector weight rating to an overweight rating in a report published on Monday morning, MarketBeat Ratings reports. They currently have $81.00 target price on the basic materials company’s stock.

A number of other research firms have also recently weighed in on DD. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. UBS Group raised their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their target price on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.38.

DuPont de Nemours Price Performance

NYSE:DD opened at $60.92 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $74.82 and a 200 day simple moving average of $78.85. DuPont de Nemours has a 1-year low of $53.77 and a 1-year high of $90.06. The stock has a market capitalization of $25.49 billion, a PE ratio of 36.48, a P/E/G ratio of 2.15 and a beta of 1.25.

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

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.69%. DuPont de Nemours’s payout ratio is presently 98.20%.

Institutional Investors Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Level Four Advisory Services LLC grew its holdings in shares of DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 129 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after buying an additional 132 shares in the last quarter. Global Trust Asset Management LLC grew its stake in shares of DuPont de Nemours by 1.5% during the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after buying an additional 133 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of DuPont de Nemours by 22.7% during the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after buying an additional 137 shares in the last quarter. Finally, Hancock Whitney Corp boosted its holdings in shares of DuPont de Nemours by 2.6% during the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock valued at $429,000 after acquiring an additional 143 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

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.