DuPont de Nemours, Inc. (NYSE:DD) Receives $88.33 Average PT from Brokerages

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $88.3333.

A number of research firms have recently issued reports on DD. UBS Group increased their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Mizuho increased their target price on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Wells Fargo & Company increased their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Citigroup increased their target price on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Finally, KeyCorp upped their target price on shares of DuPont de Nemours from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the sale, the senior vice president directly owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 74,208 shares of company stock valued at $5,714,861. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds have recently made changes to their positions in DD. Princeton Global Asset Management LLC grew its position in shares of DuPont de Nemours by 64.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 143 shares during the period. JNBA Financial Advisors grew its position in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 216 shares during the period. Valley National Advisers Inc. grew its position in shares of DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 248 shares during the period. WPG Advisers LLC bought a new position in shares of DuPont de Nemours during the 1st quarter valued at approximately $35,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of DuPont de Nemours by 67.5% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 218 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $75.87 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $87.80. The stock has a market cap of $31.77 billion, a price-to-earnings ratio of -161.43, a P/E/G ratio of 2.13 and a beta of 1.08. The company’s fifty day moving average is $76.12 and its 200 day moving average is $71.00.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The business had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. Sell-side analysts forecast that DuPont de Nemours will post 4.38 EPS for the current year.

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.