DuPont de Nemours, Inc. (NYSE:DD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DuPont de Nemours, Inc. (NYSE:DD) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $86.77.

Several equities analysts have commented on the stock. Mizuho dropped their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Bank of America upgraded shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. UBS Group boosted their target price on shares of DuPont de Nemours from $79.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley lowered their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, May 5th.

DuPont de Nemours Stock Performance

NYSE:DD opened at $73.01 on Thursday. The company has a fifty day simple moving average of $68.27 and a two-hundred day simple moving average of $71.99. The company has a market cap of $30.55 billion, a price-to-earnings ratio of -384.26, a price-to-earnings-growth ratio of 2.10 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. DuPont de Nemours has a 52 week low of $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 earnings per share. As a group, equities analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.25%. DuPont de Nemours’s payout ratio is -863.16%.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently made changes to their positions in DD. Ritholtz Wealth Management raised its holdings in DuPont de Nemours by 48.8% during the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company’s stock worth $333,000 after purchasing an additional 1,464 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in DuPont de Nemours by 334.4% during the first quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company’s stock worth $19,122,000 after purchasing an additional 197,115 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in DuPont de Nemours during the fourth quarter worth about $1,343,000. Cambridge Investment Research Advisors Inc. raised its holdings in DuPont de Nemours by 6.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company’s stock worth $6,003,000 after purchasing an additional 4,995 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares in the last quarter. 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.