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

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $94.83.

A number of equities analysts have weighed in on DD shares. Morgan Stanley increased their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada boosted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $88.00 to $84.00 in a report on Monday, October 7th.

Institutional Investors Weigh In On DuPont de Nemours

Hedge funds and other institutional investors have recently bought and sold shares of the business. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $25,000. ESL Trust Services LLC bought a new stake in DuPont de Nemours in the first quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the second quarter valued at approximately $27,000. Denver PWM LLC bought a new position in DuPont de Nemours during the 2nd quarter worth approximately $28,000. Finally, Fortitude Family Office LLC grew its position in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 0.2 %

DD stock opened at $83.27 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The company’s 50 day simple moving average is $84.07 and its 200-day simple moving average is $80.76. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. The firm has a market capitalization of $34.78 billion, a PE ratio of 54.78, a P/E/G ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results 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 business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities analysts expect that DuPont de Nemours will post 3.76 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.83%. DuPont de Nemours’s dividend payout ratio is presently 100.00%.

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.