DuPont de Nemours (NYSE:DD) Price Target Raised to $87.00

DuPont de Nemours (NYSE:DD - Free Report) had its price objective upped by KeyCorp from $85.00 to $87.00 in a report published on Monday morning,Benzinga reports. They currently have an overweight rating on the basic materials company's stock.

Several other research analysts have also issued reports on DD. Barclays decreased their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Mizuho dropped their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and a consensus target price of $88.15.

DuPont de Nemours Trading Down 1.0%

Shares of DuPont de Nemours stock traded down $0.78 during trading on Monday, reaching $74.08. The company's stock had a trading volume of 2,099,930 shares, compared to its average volume of 2,462,065. DuPont de Nemours has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a market cap of $31.00 billion, a price-to-earnings ratio of -389.89, a PEG ratio of 2.12 and a beta of 1.04. The firm's 50-day moving average is $69.37 and its two-hundred day moving average is $71.95. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly 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 business had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 EPS. On average, sell-side analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio is presently -863.16%.

Institutional Trading of DuPont de Nemours

Several hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd grew its stake in DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. bought a new position in DuPont de Nemours in the 4th quarter worth about $28,000. JNBA Financial Advisors grew its stake in DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after acquiring an additional 216 shares in the last quarter. Valley National Advisers Inc. grew its stake in DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after acquiring an additional 248 shares in the last quarter. Finally, Covestor Ltd grew its stake in DuPont de Nemours by 78.8% in the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Company Profile

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.