DuPont de Nemours (NYSE:DD) Price Target Raised to $46.00 at Mizuho

DuPont de Nemours (NYSE:DD) had its target price lifted by Mizuho from $44.00 to $46.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. UBS Group upped their target price on DuPont de Nemours to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Zacks Research cut shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Wells Fargo & Company dropped their price objective on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.69.

DuPont de Nemours Trading Down 0.3%

DD opened at $40.48 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63. The stock has a market capitalization of $16.96 billion, a PE ratio of -22.00, a P/E/G ratio of 2.33 and a beta of 1.10. DuPont de Nemours has a 12-month low of $22.50 and a 12-month high of $41.83. The firm’s fifty day moving average price is $37.59 and its 200 day moving average price is $33.21.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.The firm had revenue of $3.02 billion for the quarter. As a group, research analysts expect that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours announced that its Board of Directors has approved a stock repurchase program on Thursday, November 6th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, November 28th. DuPont de Nemours’s dividend payout ratio (DPR) is -43.48%.

Insider Buying and Selling

In other news, SVP Erik T. Hoover sold 6,005 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $39.79, for a total value of $238,938.95. Following the completion of the transaction, the senior vice president owned 112,101 shares in the company, valued at $4,460,498.79. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lori Koch sold 9,011 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $39.46, for a total transaction of $355,574.06. Following the sale, the chief executive officer owned 288,326 shares in the company, valued at approximately $11,377,343.96. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DD. Blue Trust Inc. boosted its position in DuPont de Nemours by 1.1% during the third quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock valued at $934,000 after purchasing an additional 127 shares during the last quarter. Pacifica Partners Inc. raised its stake in shares of DuPont de Nemours by 27.0% during the 3rd quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 128 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of DuPont de Nemours by 3.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after buying an additional 134 shares during the last quarter. Sagespring Wealth Partners LLC grew its stake in shares of DuPont de Nemours by 3.9% in the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after buying an additional 140 shares in the last quarter. Finally, Princeton Global Asset Management LLC increased its holdings in DuPont de Nemours by 64.4% during the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after buying an additional 143 shares during the last quarter. 73.96% of the stock is currently 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.