DuPont de Nemours (NYSE:DD) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of DuPont de Nemours (NYSE:DD) from a buy rating to a hold rating in a research note published on Tuesday morning.

DD has been the subject of several other research reports. Morgan Stanley boosted their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays upped their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $81.56 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company has a market cap of $34.09 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 2.01 and a beta of 1.34. The stock’s 50-day moving average is $83.84 and its two-hundred day moving average is $82.12. 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 issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts forecast that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC grew its stake in shares of DuPont de Nemours by 2.0% during the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after buying an additional 9,730 shares during the period. Appian Way Asset Management LP acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at about $2,978,000. Wealth Enhancement Advisory Services LLC increased its position in DuPont de Nemours by 42.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 92,611 shares of the basic materials company’s stock worth $7,454,000 after purchasing an additional 27,476 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in DuPont de Nemours by 38.4% in the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after buying an additional 10,012 shares during the period. Finally, KBC Group NV lifted its position in DuPont de Nemours by 17.6% during the third quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock valued at $6,573,000 after buying an additional 11,019 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.