DuPont de Nemours (NYSE:DD) Lifted to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of DuPont de Nemours (NYSE:DD - Free Report) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat Ratings reports. They currently have $101.00 price objective on the basic materials company's stock, up from their prior price objective of $78.00.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. boosted their price target on DuPont de Nemours from $85.00 to $88.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. Mizuho raised their target price on shares of DuPont de Nemours from $76.00 to $83.00 and gave the company a buy rating in a research note on Thursday, May 2nd. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. StockNews.com upgraded shares of DuPont de Nemours from a sell rating to a hold rating in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company boosted their target price on DuPont de Nemours from $69.00 to $80.00 and gave the stock an equal weight rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $82.10.

DuPont de Nemours Stock Performance

DD traded up $2.34 on Friday, hitting $79.91. 2,770,860 shares of the company's stock were exchanged, compared to its average volume of 2,924,452. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $75.50 and a two-hundred day moving average of $72.46. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $79.92. The firm has a market cap of $33.41 billion, a PE ratio of 97.45, a P/E/G ratio of 2.26 and a beta of 1.39.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. The firm 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 6.07% and a net margin of 2.75%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. On average, research analysts anticipate that DuPont de Nemours will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours's payout ratio is 185.37%.

Insider Transactions at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction 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 owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Michael G. Goss sold 2,354 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the transaction, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders have sold 22,193 shares of company stock valued at $1,726,655 over the last three months. Company insiders own 0.56% of the company's stock.

Institutional Inflows and Outflows

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