DuPont de Nemours (NYSE:DD) Given New $107.00 Price Target at Wells Fargo & Company

DuPont de Nemours (NYSE:DD) had its price target upped by Wells Fargo & Company from $105.00 to $107.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

Several other equities research analysts also recently issued reports on DD. Barclays increased their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective 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. Morgan Stanley increased their price objective on 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. Citigroup dropped their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Royal Bank of Canada upped their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Two research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Trading Down 2.8 %

Shares of DuPont de Nemours stock opened at $84.17 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm has a market cap of $35.18 billion, a price-to-earnings ratio of 44.30, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35. The business has a fifty day simple moving average of $84.31 and a 200-day simple moving average of $81.28. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06.

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

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Hedge Funds Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its position 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 buying an additional 25,857 shares during the period. Mondrian Investment Partners LTD increased its holdings in DuPont de Nemours by 9.5% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock valued at $137,995,000 after purchasing an additional 156,339 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after purchasing an additional 391,400 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after purchasing an additional 1,139,156 shares in the last quarter. Finally, Swiss National Bank increased its holdings in DuPont de Nemours by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock valued at $110,583,000 after purchasing an additional 3,200 shares in the last quarter. 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.