Barclays Issues Pessimistic Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD - Free Report) had its price objective decreased by Barclays from $89.00 to $73.00 in a report issued on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the basic materials company's stock.

Several other equities research analysts also recently issued reports on DD. Wells Fargo & Company lowered their price target on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. StockNews.com lowered shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Citigroup lowered their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $85.79.

DuPont de Nemours Trading Up 1.9 %

NYSE:DD traded up $1.28 during mid-day trading on Tuesday, hitting $67.33. The company had a trading volume of 4,503,655 shares, compared to its average volume of 2,413,711. The firm has a market cap of $28.18 billion, a P/E ratio of 40.32, a P/E/G ratio of 2.15 and a beta of 1.25. DuPont de Nemours has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The business's fifty day moving average is $69.81 and its two-hundred day moving average is $76.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. As a group, research analysts expect that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's dividend payout ratio is currently 98.20%.

Hedge Funds Weigh In On DuPont de Nemours

A number of institutional investors have recently added to or reduced their stakes in DD. Level Four Advisory Services LLC lifted its stake in shares of DuPont de Nemours by 2.8% in the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after purchasing an additional 129 shares during the period. Lake Street Advisors Group LLC increased its holdings in DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock valued at $323,000 after buying an additional 132 shares in the last quarter. Global Trust Asset Management LLC lifted its position in shares of DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock valued at $704,000 after acquiring an additional 133 shares during the period. Avior Wealth Management LLC boosted its stake in shares of DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after acquiring an additional 137 shares in the last quarter. Finally, Hancock Whitney Corp grew its holdings in shares of DuPont de Nemours by 2.6% in the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock worth $429,000 after acquiring an additional 143 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.