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

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $95.25.

A number of analysts recently commented on the company. Citigroup decreased their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

DuPont de Nemours Price Performance

DD opened at $74.40 on Thursday. The firm’s fifty day moving average price is $80.75 and its two-hundred day moving average price is $81.64. The company has a market capitalization of $31.10 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 1.97 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The business 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 revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, analysts anticipate that DuPont de Nemours will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zurich Insurance Group Ltd FI purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $83,540,000. Renaissance Technologies LLC purchased a new position in DuPont de Nemours during the second quarter valued at approximately $67,665,000. Franklin Resources Inc. increased its holdings in DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares during the period. Zacks Investment Management purchased a new stake in DuPont de Nemours in the 3rd quarter worth approximately $42,810,000. Finally, Two Sigma Advisers LP boosted its holdings in DuPont de Nemours by 48.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after purchasing an additional 461,400 shares during the period. 73.96% of the stock is currently owned by institutional investors.

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.