DuPont de Nemours, Inc. (NYSE:DD) Receives Average Recommendation of “Hold” from Brokerages

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $80.00.

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Mizuho lifted their price objective on shares of DuPont de Nemours from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Wolfe Research began coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th.

Insider Activity at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the firm’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 transaction of $171,371.20. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Peoples Bank KS bought a new position in DuPont de Nemours in the 3rd quarter valued at about $25,000. Northwest Financial Advisors acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC bought a new stake in DuPont de Nemours during the first quarter worth $25,000. LifeSteps Financial Inc. acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at $28,000. Finally, Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the 1st quarter valued at $33,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.1 %

Shares of DD stock opened at $77.71 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $79.19. The firm’s fifty day moving average price is $73.77 and its two-hundred day moving average price is $72.11. The firm has a market capitalization of $32.49 billion, a P/E ratio of 94.77, a PEG ratio of 2.52 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last issued 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. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the business earned $0.84 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. On average, equities analysts predict that DuPont de Nemours will post 3.55 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.96%. DuPont de Nemours’s payout ratio 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.