DuPont de Nemours (NYSE:DD) PT Raised to $83.00

DuPont de Nemours (NYSE:DD) had its price objective upped by Mizuho from $76.00 to $83.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

DD has been the subject of several other research reports. JPMorgan Chase & Co. increased their price objective on DuPont de Nemours from $76.00 to $85.00 and gave the stock an overweight rating in a research report on Friday, March 22nd. Royal Bank of Canada raised their price target on DuPont de Nemours from $75.00 to $83.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. Barclays dropped their price target on DuPont de Nemours from $74.00 to $70.00 and set an equal weight rating for the company in a research report on Monday, February 12th. Wolfe Research assumed coverage on DuPont de Nemours in a research report on Friday, March 1st. They issued a peer perform rating for the company. Finally, TheStreet cut DuPont de Nemours from a b- rating to a c rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, DuPont de Nemours has an average rating of Hold and an average price target of $80.00.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $77.67 on Thursday. The business has a 50 day simple moving average of $73.93 and a 200-day simple moving average of $72.08. The stock has a market capitalization of $32.47 billion, a PE ratio of 94.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.73. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $79.19.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. DuPont de Nemours’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. Equities analysts predict that DuPont de Nemours will post 3.61 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s payout ratio is currently 185.37%.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, 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 filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of DuPont de Nemours

A number of hedge funds have recently added to or reduced their stakes in DD. City State Bank raised its holdings in shares of DuPont de Nemours by 3.9% in the 4th 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 period. Triangle Securities Wealth Management raised 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 worth $1,456,000 after purchasing an additional 134 shares during the period. Laurel Wealth Advisors LLC raised its holdings in shares of DuPont de Nemours by 5.3% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 142 shares during the period. 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 worth $461,000 after purchasing an additional 147 shares during the period. Finally, SPC Financial Inc. raised its holdings in shares of DuPont de Nemours by 1.9% in the 1st quarter. SPC Financial Inc. now owns 8,011 shares of the basic materials company’s stock worth $614,000 after purchasing an additional 151 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

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.