DuPont de Nemours, Inc. (NYSE:DD) Receives $85.07 Average Target Price from Analysts

Shares of DuPont de Nemours, Inc. (NYSE:DD) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $85.15.

Several brokerages have recently weighed in on DD. BMO Capital Markets increased their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Barclays reduced their target price on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Mizuho decreased their target price on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Finally, Wolfe Research raised shares of 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.

Institutional Trading of DuPont de Nemours

A number of hedge funds have recently bought and sold shares of DD. Choreo LLC lifted its stake in shares of DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after purchasing an additional 8,205 shares during the last quarter. Merit Financial Group LLC raised its holdings in DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in DuPont de Nemours in the fourth quarter worth about $1,343,000. Grandfield & Dodd LLC lifted its position in shares of DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after buying an additional 3,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after buying an additional 91,108 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $69.31 on Wednesday. The firm has a market capitalization of $29.01 billion, a PE ratio of 41.50, a PEG ratio of 2.15 and a beta of 1.07. The stock’s fifty day moving average is $67.53 and its 200 day moving average is $75.55. DuPont de Nemours has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the business earned $0.79 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

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 paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is -863.16%.

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.