DuPont de Nemours (NYSE:DD) Reaches New 52-Week High at $79.19

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $79.19 and last traded at $78.47, with a volume of 814809 shares. The stock had previously closed at $72.50.

Analyst Ratings Changes

Several brokerages have weighed in on DD. Wolfe Research began coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a "peer perform" rating for the company. Mizuho decreased their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a "buy" rating on the stock in a report on Wednesday, February 7th. BMO Capital Markets lowered shares of DuPont de Nemours from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Citigroup raised their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. Finally, Bank of America lowered shares of DuPont de Nemours from a "buy" rating to an "underperform" rating and raised their target price for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $77.90.

DuPont de Nemours Stock Up 8.0 %

The company has a market capitalization of $32.74 billion, a P/E ratio of 84.20, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The firm's fifty day moving average is $73.43 and its 200-day moving average is $72.02.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm's revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 1.94%. DuPont de Nemours's dividend payout ratio is presently 163.44%.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds have recently added to or reduced their stakes in DD. Peoples Bank KS acquired a new position in shares of DuPont de Nemours in the 3rd quarter worth approximately $25,000. Northwest Financial Advisors acquired a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $25,000. LifeSteps Financial Inc. acquired a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $28,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $33,000. Finally, Cassady Schiller Wealth Management LLC lifted its position in shares of DuPont de Nemours by 153.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company's stock worth $33,000 after purchasing an additional 261 shares during the period. 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.