DuPont de Nemours, Inc. (NYSE:DD) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on DuPont, with 12 buy, five hold and one sell rating among 18 analysts. The average 12-month price target is $165.88.
• DuPont beat quarterly earnings and revenue estimates: EPS was $2.09 versus $1.87 expected, while revenue reached $1.87 billion and rose 4.1% year over year.
• The company declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 1.6% yield. Shares traded down 0.8% to $153.48.

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $165.88.

A number of equities analysts recently weighed in on DD shares. JPMorgan Chase & Co. lowered shares of DuPont de Nemours from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $172.00 to $145.00 in a research report on Friday, October 9th. Wells Fargo & Company increased their price target on DuPont de Nemours from $166.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, November 5th. Weiss Ratings restated a "sell (d+)" rating on shares of DuPont de Nemours in a research report on Friday, October 30th. Royal Bank Of Canada upped their price target on shares of DuPont de Nemours from $160.00 to $173.00 and gave the stock an "outperform" rating in a report on Thursday, November 5th. Finally, The Goldman Sachs Group decreased their target price on DuPont de Nemours from $159.00 to $153.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th.

DuPont de Nemours Stock Down 0.8%

Shares of DuPont de Nemours stock traded down $1.22 on Friday, reaching $153.48. The company's stock had a trading volume of 1,114,688 shares, compared to its average volume of 1,179,576. DuPont de Nemours has a 52 week low of $111.15 and a 52 week high of $159.48. The firm's fifty day simple moving average is $135.37 and its two-hundred day simple moving average is $139.37. The company has a quick ratio of 1.74, a current ratio of 2.36 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 68.83, a P/E/G ratio of 1.34 and a beta of 1.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.22. DuPont de Nemours had a return on equity of 6.85% and a net margin of 4.26%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. DuPont de Nemours's revenue was up 4.1% on a year-over-year basis. Equities analysts anticipate that DuPont de Nemours will post 7.51 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, November 30th. DuPont de Nemours's dividend payout ratio (DPR) is 107.62%.

Insider Transactions at DuPont de Nemours

In other news, SVP Erik Hoover sold 4,203 shares of the business's stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $150.82, for a total transaction of $633,896.46. Following the sale, the senior vice president owned 38,798 shares in the company, valued at approximately $5,851,514.36. The trade was a 9.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lori Koch sold 2,311 shares of the company's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $151.15, for a total transaction of $349,307.65. Following the transaction, the chief executive officer owned 115,715 shares in the company, valued at $17,490,322.25. The trade was a 1.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 96,359 shares of company stock valued at $14,137,411 in the last quarter. 0.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of DuPont de Nemours by 140.3% during the 2nd quarter. State Street Corp now owns 44,941,824 shares of the basic materials company's stock worth $6,095,909,000 after purchasing an additional 26,238,300 shares in the last quarter. KBC Group NV increased its holdings in shares of DuPont de Nemours by 435.8% in the 1st quarter. KBC Group NV now owns 1,687,376 shares of the basic materials company's stock valued at $77,281,000 after purchasing an additional 1,372,435 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of DuPont de Nemours by 7,762.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 949,117 shares of the basic materials company's stock valued at $123,281,000 after purchasing an additional 937,045 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of DuPont de Nemours by 22.0% in the first quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company's stock valued at $212,039,000 after purchasing an additional 835,572 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of DuPont de Nemours in the first quarter valued at about $34,727,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Company Profile

DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation. The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.

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