Brokerages Set DuPont de Nemours, Inc. (NYSE:DD) Price Target at $99.17

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received an average rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $99.17.

DD has been the subject of a number of recent research reports. UBS Group increased their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company cut their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Citigroup lifted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets boosted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. United Bank increased its position in DuPont de Nemours by 2.7% in the third quarter. United Bank now owns 11,015 shares of the basic materials company’s stock worth $982,000 after purchasing an additional 290 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of DuPont de Nemours by 14.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 56,335 shares of the basic materials company’s stock worth $5,020,000 after buying an additional 6,964 shares during the period. Nicolet Advisory Services LLC lifted its holdings in DuPont de Nemours by 5.6% in the third quarter. Nicolet Advisory Services LLC now owns 3,772 shares of the basic materials company’s stock valued at $329,000 after buying an additional 200 shares during the period. Cerity Partners LLC lifted its holdings in DuPont de Nemours by 40.3% in the third quarter. Cerity Partners LLC now owns 108,427 shares of the basic materials company’s stock valued at $9,662,000 after buying an additional 31,164 shares during the period. Finally, Larson Financial Group LLC boosted its stake in DuPont de Nemours by 87.5% in the third quarter. Larson Financial Group LLC now owns 812 shares of the basic materials company’s stock valued at $72,000 after acquiring an additional 379 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.9 %

Shares of DD stock opened at $74.72 on Tuesday. The stock has a market cap of $31.24 billion, a P/E ratio of 44.74, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a fifty day moving average price of $78.40 and a 200 day moving average price of $80.71. DuPont de Nemours has a one year low of $72.38 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Analysts predict that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

About DuPont de Nemours

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.