DuPont de Nemours (NYSE:DD) Price Target Increased to $88.00 by Analysts at JPMorgan Chase & Co.

DuPont de Nemours (NYSE:DD - Free Report) had its price target lifted by JPMorgan Chase & Co. from $85.00 to $88.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the basic materials company's stock.

Several other equities research analysts have also issued reports on the company. Mizuho upped their price target on DuPont de Nemours from $76.00 to $83.00 and gave the company a buy rating in a research report on Thursday. Royal Bank of Canada upped their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Wolfe Research assumed coverage on DuPont de Nemours in a research note on Friday, March 1st. They set a peer perform rating for the company. Barclays upped their price objective on DuPont de Nemours from $70.00 to $81.00 and gave the stock an equal weight rating in a research note on Thursday. Finally, Citigroup upped their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the stock a neutral rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $80.00.

DuPont de Nemours Stock Down 0.7 %

Shares of DD traded down $0.56 during trading on Thursday, reaching $77.75. The company's stock had a trading volume of 3,207,412 shares, compared to its average volume of 3,045,639. The company has a fifty day moving average of $73.62 and a two-hundred day moving average of $72.07. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $79.19. The company has a market cap of $32.50 billion, a price-to-earnings ratio of 83.30, a P/E/G ratio of 2.38 and a beta of 1.39. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.14. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business's revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. On average, sell-side analysts predict that DuPont de Nemours will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 1.95%. DuPont de Nemours's dividend payout ratio is currently 163.44%.

Insider Activity at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the company's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company's stock, valued at $1,134,733.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company's stock.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds have recently bought and sold shares of the business. Lido Advisors LLC increased its position in DuPont de Nemours by 10.4% in the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company's stock worth $1,270,000 after purchasing an additional 1,609 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at about $1,859,000. Premier Path Wealth Partners LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at about $1,031,000. abrdn plc increased its holdings in shares of DuPont de Nemours by 30.9% during the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company's stock valued at $31,141,000 after acquiring an additional 95,505 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at about $2,000,000. 73.96% of the stock is 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.