DuPont de Nemours (NYSE:DD) Price Target Raised to $94.00 at Morgan Stanley

DuPont de Nemours (NYSE:DD) had its price target increased by Morgan Stanley from $88.00 to $94.00 in a research report released on Monday, Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Stock Down 0.3 %

Shares of DD opened at $84.87 on Monday. The stock’s 50-day moving average price is $83.48 and its two-hundred day moving average price is $80.40. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a market capitalization of $35.48 billion, a PE ratio of 103.50, a PEG ratio of 2.26 and a beta of 1.34. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, analysts anticipate that DuPont de Nemours will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mediolanum International Funds Ltd acquired a new position in shares of DuPont de Nemours during the first quarter valued at about $2,842,000. Sequoia Financial Advisors LLC increased its holdings in DuPont de Nemours by 236.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after purchasing an additional 28,553 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of DuPont de Nemours by 9.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock worth $42,953,000 after purchasing an additional 53,694 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new position in shares of DuPont de Nemours in the second quarter valued at approximately $1,610,000. Finally, Cetera Investment Advisers boosted its position 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 valued at $6,698,000 after buying an additional 56,870 shares during 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.