DuPont de Nemours (NYSE:DD) Shares Gap Down – What’s Next?

Shares of DuPont de Nemours, Inc. (NYSE:DD) gapped down before the market opened on Friday . The stock had previously closed at $67.78, but opened at $59.91. DuPont de Nemours shares last traded at $59.05, with a volume of 1,047,357 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BMO Capital Markets boosted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. UBS Group upped their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The company’s 50 day moving average price is $77.71 and its 200-day moving average price is $80.36. The company has a market cap of $24.65 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

Institutional Trading of DuPont de Nemours

A number of institutional investors have recently modified their holdings of DD. Moody National Bank Trust Division boosted its holdings in shares of DuPont de Nemours by 0.9% in the first quarter. Moody National Bank Trust Division now owns 19,286 shares of the basic materials company’s stock worth $1,440,000 after acquiring an additional 171 shares during the period. Central Pacific Bank Trust Division boosted its stake in DuPont de Nemours by 16.2% in the 1st quarter. Central Pacific Bank Trust Division now owns 3,304 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 460 shares during the period. Versant Capital Management Inc grew its holdings in DuPont de Nemours by 557.3% during the 1st quarter. Versant Capital Management Inc now owns 4,128 shares of the basic materials company’s stock valued at $308,000 after buying an additional 3,500 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of DuPont de Nemours by 9.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,060 shares of the basic materials company’s stock valued at $229,000 after buying an additional 263 shares during the period. Finally, 111 Capital purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth about $567,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

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.