DuPont de Nemours, Inc. (NYSE:DD) Receives $88.31 Average PT from Brokerages

DuPont de Nemours, Inc. (NYSE:DD) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $88.31.

Several equities research analysts have weighed in on DD shares. Mizuho increased their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Bank of America upgraded shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Citigroup increased their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Finally, KeyCorp increased their target price on shares of DuPont de Nemours from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Monday, July 14th.

DuPont de Nemours Trading Down 2.9%

Shares of NYSE DD opened at $72.17 on Monday. The company’s 50 day simple moving average is $70.88 and its 200 day simple moving average is $71.98. DuPont de Nemours has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The firm has a market capitalization of $30.20 billion, a P/E ratio of -379.84, a P/E/G ratio of 2.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91.

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

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently -863.16%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of DuPont de Nemours during the 1st quarter worth about $531,037,000. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth about $146,605,000. Marshall Wace LLP boosted its holdings in shares of DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock worth $112,219,000 after buying an additional 1,024,075 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company’s stock worth $147,929,000 after buying an additional 922,387 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock worth $86,971,000 after buying an additional 756,604 shares during the period. Institutional investors own 73.96% of the company’s stock.

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.