DuPont de Nemours (NYSE:DD) Raised to “Neutral” at Bank of America

Bank of America upgraded shares of DuPont de Nemours (NYSE:DD) from an underperform rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat reports. The firm currently has $75.00 price target on the basic materials company’s stock, down from their prior price target of $80.00.

DD has been the subject of several other reports. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Friday, January 17th. KeyCorp raised DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 target price on the stock in a research report on Monday. Citigroup cut their price target on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.71.

DuPont de Nemours Trading Down 0.8 %

NYSE DD opened at $60.47 on Tuesday. The company has a market cap of $25.31 billion, a P/E ratio of 36.21, a P/E/G 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 company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The company has a 50-day moving average of $74.48 and a 200-day moving average of $78.72.

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

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.71%. DuPont de Nemours’s payout ratio is currently 98.20%.

Institutional Trading of DuPont de Nemours

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at about $26,000. Aster Capital Management DIFC Ltd lifted its stake in DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after buying an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in DuPont de Nemours in the 4th quarter valued at $28,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter worth about $29,000. Finally, Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the 4th quarter worth approximately $31,000. 73.96% of the stock is owned by 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.