Barclays Cuts DuPont de Nemours (NYSE:DD) Price Target to $73.00

DuPont de Nemours (NYSE:DD) had its price objective trimmed by Barclays from $89.00 to $73.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the basic materials company’s stock.

Several other research firms have also recently issued reports on DD. KeyCorp upgraded DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 price objective on the stock in a report on Monday, April 14th. Bank of America upgraded 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, April 15th. UBS Group decreased their price objective on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $85.79.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $65.98 on Tuesday. The firm has a market cap of $27.61 billion, a PE ratio of 39.51, a P/E/G ratio of 2.15 and a beta of 1.25. The business has a 50-day moving average price of $70.10 and a 200 day moving average price of $76.83. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $90.06.

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

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s payout ratio is 98.20%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd grew its holdings in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in DuPont de Nemours in the 4th quarter valued at approximately $28,000. JNBA Financial Advisors grew its stake in shares of DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 216 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

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.