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

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirteen research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $85.92.

A number of equities analysts have commented on DD shares. Mizuho decreased their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. BMO Capital Markets lifted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. UBS Group lifted their price target on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Morgan Stanley cut their price target on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th.

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors have recently added to or reduced their stakes in DD. Dynamic Technology Lab Private Ltd bought a new stake in DuPont de Nemours during the 4th quarter worth about $1,343,000. Grandfield & Dodd LLC lifted its position in DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after buying an additional 3,155 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after buying an additional 91,108 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in DuPont de Nemours by 7.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 65,616 shares of the basic materials company's stock worth $5,003,000 after buying an additional 4,288 shares in the last quarter. Finally, Walnut Level Capital LLC lifted its position in DuPont de Nemours by 65.2% during the 4th quarter. Walnut Level Capital LLC now owns 115,674 shares of the basic materials company's stock worth $8,820,000 after buying an additional 45,674 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Trading Up 1.1%

NYSE:DD opened at $68.16 on Friday. The business's 50-day moving average is $65.07 and its two-hundred day moving average is $73.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours has a 12 month low of $53.77 and a 12 month high of $90.06. The firm has a market capitalization of $28.52 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

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

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's dividend payout ratio is presently -863.16%.

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.

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