DuPont de Nemours, Inc. (NYSE:DD) Receives $95.42 Average Target Price from Brokerages

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $95.42.

DD has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Barclays raised their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price objective 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, Morgan Stanley raised their price objective 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.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors have recently bought and sold shares of the business. Morse Asset Management Inc increased its holdings in DuPont de Nemours by 29.3% during the third quarter. Morse Asset Management Inc now owns 24,897 shares of the basic materials company’s stock valued at $2,219,000 after buying an additional 5,642 shares during the period. M&T Bank Corp increased its holdings in DuPont de Nemours by 0.7% during the third quarter. M&T Bank Corp now owns 1,734,503 shares of the basic materials company’s stock valued at $154,562,000 after buying an additional 11,870 shares during the period. TCW Group Inc. grew its holdings in DuPont de Nemours by 7.2% in the third quarter. TCW Group Inc. now owns 651,706 shares of the basic materials company’s stock worth $58,074,000 after purchasing an additional 44,024 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in DuPont de Nemours by 39.4% in the third quarter. Arete Wealth Advisors LLC now owns 13,819 shares of the basic materials company’s stock worth $1,226,000 after purchasing an additional 3,903 shares during the last quarter. Finally, Empire Financial Management Company LLC grew its holdings in DuPont de Nemours by 294.3% in the third quarter. Empire Financial Management Company LLC now owns 20,632 shares of the basic materials company’s stock worth $1,839,000 after purchasing an additional 15,400 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.7 %

Shares of NYSE:DD opened at $83.32 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a 50-day moving average price of $84.64 and a 200 day moving average price of $81.73. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 1.94 and a beta of 1.35.

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 net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that DuPont de Nemours will post 3.91 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is 80.00%.

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.