DuPont de Nemours, Inc. (NYSE:DD) Receives Average Recommendation of “Moderate Buy” from Analysts

DuPont de Nemours, Inc. (NYSE:DD) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $95.42.

Several equities analysts have issued reports on DD shares. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Barclays upped their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th.

DuPont de Nemours Stock Up 0.7 %

DuPont de Nemours stock opened at $83.32 on Wednesday. The stock’s fifty day moving average is $84.64 and its two-hundred day moving average is $81.77. The stock has a market cap of $34.82 billion, a PE ratio of 43.85, a P/E/G ratio of 1.98 and a beta of 1.35. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, sell-side analysts expect that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DD. UniSuper Management Pty Ltd lifted its position in shares of DuPont de Nemours by 304.5% in the first quarter. UniSuper Management Pty Ltd now owns 18,351 shares of the basic materials company’s stock valued at $1,407,000 after acquiring an additional 13,814 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in DuPont de Nemours by 31.6% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,884 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 933 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of DuPont de Nemours by 40.5% in the first quarter. National Bank of Canada FI now owns 224,843 shares of the basic materials company’s stock worth $17,706,000 after acquiring an additional 64,815 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of DuPont de Nemours during the 1st quarter valued at approximately $10,427,000. Finally, Pitcairn Co. grew its holdings in DuPont de Nemours by 8.1% during the 1st quarter. Pitcairn Co. now owns 6,483 shares of the basic materials company’s stock worth $497,000 after acquiring an additional 485 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other 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.