DuPont de Nemours (NYSE:DD) Price Target Raised to $87.00 at KeyCorp

DuPont de Nemours (NYSE:DD) had its target price boosted by KeyCorp from $85.00 to $87.00 in a research report released on Monday morning,Benzinga reports. KeyCorp currently has an overweight rating on the basic materials company’s stock.

Several other brokerages have also recently weighed in on DD. Royal Bank Of Canada reduced their price target on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and reduced their price target for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Barclays dropped their price objective on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Finally, Morgan Stanley dropped their price objective on DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, May 5th. Four equities 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, the stock has an average rating of “Moderate Buy” and an average price target of $87.77.

DuPont de Nemours Stock Down 0.8%

DD stock opened at $74.91 on Monday. The stock’s 50 day simple moving average is $69.19 and its 200 day simple moving average is $71.93. 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 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The company has a market cap of $31.35 billion, a P/E ratio of -394.24, a price-to-earnings-growth ratio of 2.14 and a beta of 1.04.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. On average, research analysts expect that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.19%. DuPont de Nemours’s dividend payout ratio is currently -863.16%.

Hedge Funds Weigh In On DuPont de Nemours

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of DuPont de Nemours by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock worth $3,502,090,000 after acquiring an additional 298,408 shares in the last quarter. Nuveen LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter worth about $531,037,000. Franklin Resources Inc. boosted its stake in shares of DuPont de Nemours by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after acquiring an additional 483,722 shares in the last quarter. Northern Trust Corp boosted its stake in shares of DuPont de Nemours by 16.3% during the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock worth $376,051,000 after acquiring an additional 690,218 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of DuPont de Nemours by 21.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock worth $310,656,000 after acquiring an additional 746,364 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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.