DuPont de Nemours (NYSE:DD) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of DuPont de Nemours (NYSE:DD) from a hold rating to a buy rating in a report issued on Tuesday morning.

Several other equities analysts have also recently weighed in on the stock. Barclays raised their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Citigroup decreased their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

DuPont de Nemours Stock Up 0.5 %

DD stock opened at $77.25 on Tuesday. The business has a 50-day moving average of $82.77 and a 200-day moving average of $82.00. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The stock has a market capitalization of $32.29 billion, a P/E ratio of 40.66, a P/E/G ratio of 1.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period 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. On average, sell-side analysts anticipate that DuPont de Nemours will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.97%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Institutional Trading of DuPont de Nemours

A number of hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after buying an additional 21,435 shares during the period. Garden State Investment Advisory Services LLC acquired a new position in DuPont de Nemours during the 3rd quarter worth about $203,000. Franklin Resources Inc. grew its position in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after buying an additional 570,703 shares during the last quarter. Synovus Financial Corp raised its position in shares of DuPont de Nemours by 2.5% during the third quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company’s stock worth $3,256,000 after acquiring an additional 905 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of DuPont de Nemours by 10.7% in the third quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company’s stock worth $2,857,000 after acquiring an additional 3,096 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

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.