DuPont de Nemours (NYSE:DD) Price Target Raised to $80.00

DuPont de Nemours (NYSE:DD - Free Report) had its price target raised by Citigroup from $73.00 to $80.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the basic materials company's stock.

A number of other equities analysts also recently weighed in on the company. TheStreet downgraded DuPont de Nemours from a b- rating to a c rating in a report on Tuesday, February 6th. Barclays dropped their target price on DuPont de Nemours from $74.00 to $70.00 and set an equal weight rating on the stock in a report on Monday, February 12th. StockNews.com upgraded DuPont de Nemours from a sell rating to a hold rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $76.00 to $85.00 and gave the company an overweight rating in a report on Friday, March 22nd. Finally, Mizuho dropped their price objective on DuPont de Nemours from $80.00 to $76.00 and set a buy rating on the stock in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of Hold and an average price target of $76.80.

DuPont de Nemours Price Performance

NYSE DD traded down $1.06 on Wednesday, reaching $76.22. The company's stock had a trading volume of 1,904,342 shares, compared to its average volume of 3,176,424. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $78.74. 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 stock has a market cap of $31.87 billion, a PE ratio of 81.80, a PEG ratio of 2.51 and a beta of 1.40. The firm's 50 day moving average is $71.08 and its two-hundred day moving average is $72.09.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. As a group, sell-side analysts predict that DuPont de Nemours will post 3.48 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 1.99%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.36. DuPont de Nemours's payout ratio is currently 163.44%.

Insider Buying and Selling

In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares of the company's stock, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.50% of the company's stock.

Institutional Trading of DuPont de Nemours

Several hedge funds have recently modified their holdings of DD. City State Bank boosted its holdings in DuPont de Nemours by 3.9% during the fourth quarter. City State Bank now owns 3,529 shares of the basic materials company's stock worth $271,000 after purchasing an additional 132 shares during the last quarter. Triangle Securities Wealth Management boosted its holdings in shares of DuPont de Nemours by 0.7% in the 1st quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company's stock valued at $1,456,000 after buying an additional 134 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in DuPont de Nemours by 5.3% during the third quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company's stock worth $209,000 after buying an additional 142 shares during the last quarter. Ballast Inc. increased its holdings in DuPont de Nemours by 1.0% during the third quarter. Ballast Inc. now owns 14,119 shares of the basic materials company's stock worth $1,053,000 after buying an additional 143 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in shares of DuPont de Nemours by 2.4% in the 3rd quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company's stock valued at $461,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

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.