DuPont de Nemours, Inc. (NYSE:DD) Receives $85.07 Average PT from Analysts

Shares of DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $86.29.

DD has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Wolfe Research upgraded shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Mizuho lowered their target price on shares of 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. JPMorgan Chase & Co. boosted their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday. Finally, KeyCorp boosted their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, May 5th.

DuPont de Nemours Stock Up 1.7%

Shares of NYSE:DD traded up $1.13 during trading on Wednesday, hitting $69.31. The company's stock had a trading volume of 2,957,817 shares, compared to its average volume of 2,457,925. The business has a 50 day moving average price of $67.53 and a two-hundred day moving average price of $75.55. The company has a market capitalization of $29.01 billion, a PE ratio of 41.50, a P/E/G ratio of 2.15 and a beta of 1.07. 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 has a fifty-two week low of $53.77 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The business 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 company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 earnings per share. As a group, research analysts expect that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.37%. DuPont de Nemours's dividend payout ratio (DPR) is -863.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DD. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter worth about $26,000. Aster Capital Management DIFC Ltd grew its position in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $28,000. JNBA Financial Advisors grew its position in shares of DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $29,000. 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.