DuPont de Nemours, Inc. (NYSE:DD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $91.09.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. UBS Group boosted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $80.00 to $103.00 in a report on Friday, May 24th. Citigroup upgraded shares of DuPont de Nemours from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $95.00 in a report on Tuesday, May 28th. Finally, Wolfe Research started coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating on the stock.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of 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 SEC, which is available through the SEC website. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the sale, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On DuPont de Nemours

Several large investors have recently modified their holdings of the stock. Cetera Advisors LLC raised its stake in shares of DuPont de Nemours by 16.5% during the first quarter. Cetera Advisors LLC now owns 24,066 shares of the basic materials company’s stock worth $1,845,000 after purchasing an additional 3,409 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of DuPont de Nemours by 186.5% during the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after purchasing an additional 56,870 shares during the last quarter. PGGM Investments raised its stake in shares of DuPont de Nemours by 5.3% during the first quarter. PGGM Investments now owns 16,488 shares of the basic materials company’s stock worth $1,264,000 after purchasing an additional 828 shares during the last quarter. Swedbank AB purchased a new stake in shares of DuPont de Nemours during the first quarter worth approximately $24,403,000. Finally, LRI Investments LLC purchased a new stake in shares of DuPont de Nemours during the first quarter worth approximately $154,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $79.96 on Friday. The firm’s 50 day simple moving average is $78.81 and its 200-day simple moving average is $74.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The stock has a market capitalization of $33.43 billion, a price-to-earnings ratio of 97.51, a PEG ratio of 2.51 and a beta of 1.36. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $82.63.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm posted $0.84 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts expect that DuPont de Nemours will post 3.63 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.90%. DuPont de Nemours’s payout ratio is 185.37%.

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.