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

DuPont de Nemours, Inc. (NYSE:DD) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $91.09.

Several research firms recently commented on DD. Barclays upped their price objective 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. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $80.00 to $103.00 in a research note on Friday, May 24th. JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $95.00 in a research report on Tuesday, May 28th. Finally, UBS Group increased 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.

DuPont de Nemours Stock Performance

DD stock opened at $80.49 on Friday. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $82.63. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $78.95 and a 200-day moving average of $74.61. The firm has a market cap of $33.65 billion, a PE ratio of 98.16, a P/E/G ratio of 2.49 and a beta of 1.36.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating 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 business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. DuPont de Nemours’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, sell-side analysts expect 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. Investors of record on Friday, August 30th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.89%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the sale, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the transaction, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the transaction, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwest Financial Advisors bought a new position in shares of DuPont de Nemours during the fourth quarter valued at about $25,000. Palisade Asset Management LLC bought a new stake in shares of DuPont de Nemours in the first quarter worth about $25,000. ESL Trust Services LLC bought a new stake in shares of DuPont de Nemours in the first quarter worth about $26,000. LifeSteps Financial Inc. bought a new stake in shares of DuPont de Nemours in the first quarter worth about $28,000. Finally, Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the first quarter worth about $33,000. 73.96% of the stock is 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.