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

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $91.09.

Several brokerages have recently weighed in on DD. UBS Group lifted their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Wolfe Research started coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Citigroup raised DuPont de Nemours from a “neutral” rating to a “buy” rating and boosted their price target for the company from $85.00 to $95.00 in a research note on Tuesday, May 28th. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their price target for the company from $78.00 to $101.00 in a research note on Friday, May 17th. Finally, Barclays boosted their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the sale, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the sale, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

Institutional investors have recently made changes to their positions in the stock. Lido Advisors LLC grew its stake in shares of DuPont de Nemours by 10.4% during the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after purchasing an additional 1,609 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $1,859,000. Premier Path Wealth Partners LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $1,031,000. abrdn plc grew its stake in DuPont de Nemours by 30.9% in the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after acquiring an additional 95,505 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in DuPont de Nemours in the fourth quarter valued at about $797,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

DD opened at $79.96 on Friday. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $82.63. The firm has a market capitalization of $33.43 billion, a P/E ratio of 97.51, a price-to-earnings-growth ratio of 2.51 and a beta of 1.36. The stock’s 50 day moving average price is $78.81 and its two-hundred day moving average price is $74.52. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm earned $0.84 EPS. DuPont de Nemours’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that DuPont de Nemours will post 3.63 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.90%. DuPont de Nemours’s payout ratio is 185.37%.

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.