DuPont de Nemours, Inc. (NYSE:DD) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $86.77.

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Mizuho dropped their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group upped their price objective on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Bank of America upgraded 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. Finally, Royal Bank Of Canada cut their price target on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th.

DuPont de Nemours Stock Up 1.2%

Shares of DD traded up $0.85 on Thursday, reaching $73.80. The company's stock had a trading volume of 2,263,916 shares, compared to its average volume of 2,429,853. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $90.06. The stock has a market capitalization of $30.89 billion, a PE ratio of -388.42, a PEG ratio of 2.03 and a beta of 1.04. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average of $67.81 and a 200-day moving average of $72.18.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the company posted $0.79 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts predict that DuPont de Nemours will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.22%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Hedge Funds Weigh In On DuPont de Nemours

Hedge funds have recently made changes to their positions in the stock. Kera Capital Partners Inc. bought a new stake in shares of DuPont de Nemours during the second quarter valued at about $446,000. AG2R LA Mondiale Gestion D Actifs bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $1,321,000. Voya Investment Management LLC lifted its stake in DuPont de Nemours by 2.2% in the 1st quarter. Voya Investment Management LLC now owns 1,607,283 shares of the basic materials company's stock worth $120,032,000 after purchasing an additional 34,133 shares in the last quarter. Drummond Knight Asset Management Pty Ltd purchased a new position in shares of DuPont de Nemours during the 1st quarter valued at $25,307,000. Finally, Modern Wealth Management LLC grew its position in shares of DuPont de Nemours by 7.7% during the 1st quarter. Modern Wealth Management LLC now owns 3,813 shares of the basic materials company's stock valued at $285,000 after purchasing an additional 272 shares in the last quarter. 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.