DuPont de Nemours (NYSE:DD) Sets New 1-Year Low – What’s Next?

Shares of DuPont de Nemours, Inc. (NYSE:DD) hit a new 52-week low during trading on Thursday . The company traded as low as $68.55 and last traded at $68.79, with a volume of 765497 shares trading hands. The stock had previously closed at $75.25.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Citigroup raised their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Down 10.1 %

The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a market cap of $28.30 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.15 and a beta of 1.29. The firm’s 50 day simple moving average is $78.28 and its two-hundred day simple moving average is $80.63.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is 98.20%.

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $26,000. Aster Capital Management DIFC Ltd lifted its stake in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at $28,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the 4th quarter valued at $29,000. Finally, Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $31,000. Institutional investors own 73.96% of the company’s stock.

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.