DuPont de Nemours (NYSE:DD) Price Target Increased to $81.00 by Analysts at Barclays

DuPont de Nemours (NYSE:DD) had its price target increased by Barclays from $70.00 to $81.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the basic materials company’s stock.

Several other analysts also recently weighed in on the company. Citigroup upped their price target on DuPont de Nemours from $73.00 to $80.00 and gave the stock a neutral rating in a research note on Wednesday, April 10th. Royal Bank of Canada raised their price target on DuPont de Nemours from $75.00 to $83.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Wolfe Research began coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a peer perform rating on the stock. TheStreet lowered shares of DuPont de Nemours from a b- rating to a c rating in a research note on Tuesday, February 6th. Finally, BMO Capital Markets downgraded shares of DuPont de Nemours from an outperform rating to a market perform rating and dropped their target price for the stock from $80.00 to $72.00 in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $80.00.

DuPont de Nemours Stock Down 0.1 %

DuPont de Nemours stock traded down $0.08 on Thursday, hitting $77.67. 2,391,431 shares of the stock traded hands, compared to its average volume of 2,373,408. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $79.19. The firm has a market cap of $32.47 billion, a P/E ratio of 94.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.39. The company has a current ratio of 2.33, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $73.93 and its 200 day simple moving average is $72.12.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the company posted $0.84 EPS. DuPont de Nemours’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that DuPont de Nemours will post 3.59 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Insiders Place Their Bets

In related news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently made changes to their positions in the business. SPC Financial Inc. raised its holdings in DuPont de Nemours by 1.9% in the 1st quarter. SPC Financial Inc. now owns 8,011 shares of the basic materials company’s stock worth $614,000 after purchasing an additional 151 shares during the period. Catalina Capital Group LLC bought a new stake in DuPont de Nemours during the first quarter valued at about $211,000. Mediolanum International Funds Ltd purchased a new stake in DuPont de Nemours in the first quarter worth about $2,842,000. Larson Financial Group LLC raised its stake in shares of DuPont de Nemours by 235.0% in the first quarter. Larson Financial Group LLC now owns 3,028 shares of the basic materials company’s stock worth $232,000 after buying an additional 2,124 shares during the period. Finally, Callan Capital LLC lifted its position in shares of DuPont de Nemours by 10.9% during the 1st quarter. Callan Capital LLC now owns 4,221 shares of the basic materials company’s stock valued at $324,000 after buying an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

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.