DuPont de Nemours (NYSE:DD) Given New $85.00 Price Target at Barclays

DuPont de Nemours (NYSE:DD) had its price objective raised by Barclays from $84.00 to $85.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an underweight rating on the basic materials company’s stock.

A number of other equities research analysts also recently weighed in on DD. Morgan Stanley boosted their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup decreased their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Finally, Royal Bank of Canada raised their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Two 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. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

DuPont de Nemours Trading Up 1.7 %

Shares of DuPont de Nemours stock traded up $1.45 during trading hours on Wednesday, hitting $85.78. The company’s stock had a trading volume of 391,165 shares, compared to its average volume of 2,493,330. The business has a fifty day moving average of $84.25 and a 200 day moving average of $81.12. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $35.83 billion, a PE ratio of 55.48, a P/E/G ratio of 2.16 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm 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 firm earned $0.92 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that DuPont de Nemours will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 100.00%.

Institutional Trading of DuPont de Nemours

Institutional investors and hedge funds have recently modified their holdings of the company. Swiss National Bank increased its position in DuPont de Nemours by 0.3% in 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 acquiring an additional 3,200 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in DuPont de Nemours by 128.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 60,872 shares of the basic materials company’s stock worth $5,423,000 after acquiring an additional 34,182 shares during the period. Claro Advisors LLC boosted its stake in DuPont de Nemours by 42.8% during the 3rd quarter. Claro Advisors LLC now owns 6,704 shares of the basic materials company’s stock worth $597,000 after acquiring an additional 2,010 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of DuPont de Nemours by 1.7% during the third quarter. Natixis Advisors LLC now owns 257,654 shares of the basic materials company’s stock worth $22,959,000 after purchasing an additional 4,407 shares in the last quarter. Finally, KCM Investment Advisors LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter valued at about $208,000. 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.