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

DuPont de Nemours, Inc. (NYSE:DD) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $99.17.

A number of equities analysts have recently commented on the stock. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company reduced their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th.

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH lifted its stake in shares of DuPont de Nemours by 70.6% during the fourth quarter. Siemens Fonds Invest GmbH now owns 9,155 shares of the basic materials company’s stock worth $698,000 after buying an additional 3,789 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $15,060,000. Azzad Asset Management Inc. ADV lifted its stake in shares of DuPont de Nemours by 2.8% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 35,981 shares of the basic materials company’s stock worth $2,744,000 after buying an additional 966 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $74,000. Finally, Integrated Advisors Network LLC lifted its stake in shares of DuPont de Nemours by 6.3% during the fourth quarter. Integrated Advisors Network LLC now owns 5,902 shares of the basic materials company’s stock worth $450,000 after buying an additional 349 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 1.6 %

DD opened at $77.60 on Friday. The firm has a 50-day simple moving average of $78.05 and a two-hundred day simple moving average of $81.33. DuPont de Nemours has a 52 week low of $68.81 and a 52 week high of $90.06. The company has a market capitalization of $32.44 billion, a PE ratio of 46.46, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.11%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

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.