Analysts Set DuPont de Nemours, Inc. (NYSE:DD) PT at $80.00

DuPont de Nemours, Inc. (NYSE:DD) has earned a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $80.00.

A number of analysts have issued reports on DD shares. Citigroup lifted their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Mizuho raised their target price on DuPont de Nemours from $76.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company raised their price target on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th.

Insider Activity at DuPont de Nemours

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 stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now 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 can be accessed through this link. 0.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Peoples Bank KS bought a new position in shares of DuPont de Nemours during the 3rd quarter worth approximately $25,000. Northwest Financial Advisors bought a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $25,000. LifeSteps Financial Inc. bought a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $28,000. Finally, Cassady Schiller Wealth Management LLC boosted its stake in shares of DuPont de Nemours by 153.5% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 261 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $78.51 on Friday. The firm’s 50 day simple moving average is $73.93 and its 200-day simple moving average is $72.08. The company has a market cap of $32.83 billion, a P/E ratio of 95.68, a price-to-earnings-growth ratio of 2.26 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 1.61. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $79.19.

DuPont de Nemours (NYSE:DD) last released 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 business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. As a group, equities research analysts predict that DuPont de Nemours will post 3.61 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

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.