StockNews.com Downgrades DuPont de Nemours (NYSE:DD) to Hold

StockNews.com downgraded shares of DuPont de Nemours (NYSE:DD) from a buy rating to a hold rating in a research report report published on Monday morning.

Other research analysts also recently issued reports about the company. Citigroup lowered their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Morgan Stanley raised their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Barclays raised their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $95.25.

DuPont de Nemours Stock Up 2.4 %

Shares of NYSE:DD opened at $74.42 on Monday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $80.23 and a two-hundred day simple moving average of $81.51. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The stock has a market capitalization of $31.10 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 1.95 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. On average, research analysts anticipate that DuPont de Nemours will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DD. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the 2nd quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours in the third quarter worth about $38,000. FSA Wealth Management LLC bought a new position in DuPont de Nemours during the 3rd quarter worth about $39,000. Quarry LP purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $37,000. Finally, True Wealth Design LLC raised its holdings in shares of DuPont de Nemours by 2,378.9% in the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

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.