DuPont de Nemours, Inc. (NYSE:DD) Given Consensus Rating of “Moderate Buy” by Brokerages

DuPont de Nemours, Inc. (NYSE:DD) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $95.25.

DD has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Wells Fargo & Company raised their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price target 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. Barclays lifted their price objective 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. Finally, Citigroup decreased their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th.

DuPont de Nemours Trading Down 0.9 %

NYSE DD opened at $74.40 on Thursday. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average is $80.75 and its 200 day moving average is $81.64.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC grew its position in DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after purchasing an additional 9,730 shares during the period. Appian Way Asset Management LP acquired a new position in shares of DuPont de Nemours during the second quarter valued at about $2,978,000. Principal Financial Group Inc. increased its position in shares of DuPont de Nemours by 4.6% during the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 21,435 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock worth $3,215,000 after acquiring an additional 10,012 shares during the last quarter. Finally, KBC Group NV lifted its position in DuPont de Nemours by 17.6% in the 3rd quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock valued at $6,573,000 after acquiring an additional 11,019 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

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.