DuPont de Nemours, Inc. (NYSE:DD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of DuPont de Nemours, Inc. (NYSE:DD) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $95.25.

A number of equities analysts have commented on DD shares. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Barclays upped their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Citigroup reduced their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Royal Bank of Canada upped 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 report on Thursday, November 7th. Finally, Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently modified their holdings of DD. State Street Corp increased its stake in DuPont de Nemours by 2.4% in the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after purchasing an additional 399,728 shares in the last quarter. Geode Capital Management LLC increased its stake in DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after purchasing an additional 100,198 shares in the last quarter. Franklin Resources Inc. increased its stake in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Legal & General Group Plc increased its stake in DuPont de Nemours by 0.7% in the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after purchasing an additional 25,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in DuPont de Nemours by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock valued at $247,501,000 after purchasing an additional 39,189 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $74.42 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The firm’s 50-day simple moving average is $80.23 and its 200-day simple moving average is $81.51. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06. The firm has a market cap of $31.10 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 1.95 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released 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. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. As a group, research analysts expect that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) 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.