DuPont de Nemours (NYSE:DD) Price Target Lowered to $73.00 at Barclays

DuPont de Nemours (NYSE:DD) had its price target decreased by Barclays from $89.00 to $73.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the basic materials company’s stock.

Several other equities research analysts also recently commented on DD. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Royal Bank of Canada decreased their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. UBS Group dropped their target price on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price target on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, KeyCorp upgraded DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 price objective on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.79.

DuPont de Nemours Stock Performance

Shares of DD opened at $65.85 on Tuesday. The stock has a market capitalization of $27.56 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 2.15 and a beta of 1.25. DuPont de Nemours has a 12 month low of $53.77 and a 12 month high of $90.06. The firm has a fifty day simple moving average of $70.73 and a 200 day simple moving average of $77.05. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Research analysts forecast that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.49%. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Hedge Funds Weigh In On DuPont de Nemours

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. U.S. Capital Wealth Advisors LLC increased its stake in shares of DuPont de Nemours by 12.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 5,737 shares of the basic materials company’s stock valued at $428,000 after purchasing an additional 654 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in DuPont de Nemours by 3.4% in the 1st quarter. TD Private Client Wealth LLC now owns 5,580 shares of the basic materials company’s stock valued at $417,000 after purchasing an additional 182 shares during the last quarter. Capital Advisors Inc. OK boosted its position in DuPont de Nemours by 5.6% in the first quarter. Capital Advisors Inc. OK now owns 6,507 shares of the basic materials company’s stock valued at $486,000 after buying an additional 344 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in shares of DuPont de Nemours by 1.7% during the first quarter. Meridian Investment Counsel Inc. now owns 41,167 shares of the basic materials company’s stock worth $3,074,000 after buying an additional 683 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of DuPont de Nemours by 85.3% during the first quarter. Concurrent Investment Advisors LLC now owns 31,153 shares of the basic materials company’s stock worth $2,327,000 after buying an additional 14,343 shares in the last quarter. 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.