DuPont de Nemours, Inc. (NYSE:DD) Given Average Rating of “Moderate Buy” by Analysts

DuPont de Nemours, Inc. (NYSE:DD) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $95.25.

Several equities analysts have commented on DD shares. Barclays raised their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Citigroup dropped their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company raised 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its stake in shares of DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after purchasing an additional 399,728 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of DuPont de Nemours by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after purchasing an additional 100,198 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after acquiring an additional 570,703 shares during the period. Legal & General Group Plc lifted its stake in shares of DuPont de Nemours by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after purchasing an additional 25,857 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in DuPont de Nemours by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock valued at $247,501,000 after purchasing an additional 39,189 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

Shares of DD opened at $77.28 on Friday. The firm’s 50 day moving average price is $82.97 and its two-hundred day moving average price is $82.01. The firm has a market cap of $32.30 billion, a P/E ratio of 40.67, a PEG ratio of 1.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06.

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, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the business posted $0.92 EPS. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. On average, analysts forecast that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.97%. DuPont de Nemours’s payout ratio is 80.00%.

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.