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

DuPont de Nemours, Inc. (NYSE:DD) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $95.42.

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on 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. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Synovus Financial Corp boosted its holdings in shares of DuPont de Nemours by 2.5% in the third quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company’s stock valued at $3,256,000 after acquiring an additional 905 shares in the last quarter. Tidal Investments LLC lifted its position in DuPont de Nemours by 10.7% in the third quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company’s stock worth $2,857,000 after purchasing an additional 3,096 shares during the period. Morse Asset Management Inc boosted its stake in DuPont de Nemours by 29.3% during the 3rd quarter. Morse Asset Management Inc now owns 24,897 shares of the basic materials company’s stock valued at $2,219,000 after purchasing an additional 5,642 shares in the last quarter. M&T Bank Corp raised its stake in shares of DuPont de Nemours by 0.7% in the 3rd quarter. M&T Bank Corp now owns 1,734,503 shares of the basic materials company’s stock worth $154,562,000 after buying an additional 11,870 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of 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 valued at $58,074,000 after buying an additional 44,024 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DD opened at $83.84 on Wednesday. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm has a market cap of $35.04 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 1.99 and a beta of 1.35. The business’s 50 day moving average is $84.69 and its two-hundred day moving average is $81.81.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data 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 the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. Analysts forecast that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

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.