Analysts Set DuPont de Nemours, Inc. (NYSE:DD) Target Price at $99.17

Shares of DuPont de Nemours, Inc. (NYSE:DD) have earned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $99.17.

Several analysts have recently issued reports on DD shares. JPMorgan Chase & Co. lowered their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. UBS Group upped their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Citigroup increased their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently modified their holdings of the business. Choreo LLC increased its stake in shares of DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after buying an additional 8,205 shares during the last quarter. Merit Financial Group LLC grew its holdings in DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after acquiring an additional 4,939 shares in the last quarter. Grandfield & Dodd LLC increased its position in shares of DuPont de Nemours by 72.0% in the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 3,155 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after purchasing an additional 91,108 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of DuPont de Nemours by 4.6% during the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after purchasing an additional 21,435 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE DD opened at $74.00 on Tuesday. The business’s 50-day moving average price is $78.45 and its 200 day moving average price is $80.75. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours has a twelve month low of $72.38 and a twelve month high of $90.06. The company has a market capitalization of $30.94 billion, a PE ratio of 44.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, research analysts predict that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

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.