DuPont de Nemours (NYSE:DD) Price Target Lowered to $92.00 at Citigroup

DuPont de Nemours (NYSE:DD) had its price target reduced by Citigroup from $98.00 to $92.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Several other research analysts also recently weighed in on DD. Royal Bank of Canada boosted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley increased their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Barclays increased their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Trading Down 0.1 %

Shares of NYSE DD traded down $0.09 during midday trading on Wednesday, hitting $77.53. The company’s stock had a trading volume of 110,687 shares, compared to its average volume of 2,430,862. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The firm has a market cap of $32.40 billion, a P/E ratio of 40.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. The business’s 50 day moving average is $83.34 and its two-hundred day moving average is $82.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

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

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.96%. DuPont de Nemours’s payout ratio is 80.00%.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds have recently modified their holdings of the company. Jennison Associates LLC increased its position in shares of DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after acquiring an additional 9,730 shares during the last quarter. Appian Way Asset Management LP purchased a new stake in DuPont de Nemours in the second quarter valued at approximately $2,978,000. Oppenheimer & Co. Inc. lifted its stake in DuPont de Nemours by 38.4% during the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock worth $3,215,000 after purchasing an additional 10,012 shares in the last quarter. KBC Group NV boosted its position in shares of DuPont de Nemours by 17.6% during the third quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock worth $6,573,000 after buying an additional 11,019 shares during the period. Finally, Aljian Capital Management LLC purchased a new stake in shares of DuPont de Nemours in the 3rd quarter valued at $648,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

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.