DuPont de Nemours (NYSE:DD) Sets New 52-Week Low on Analyst Downgrade

DuPont de Nemours, Inc. (NYSE:DD)’s stock price reached a new 52-week low during trading on Wednesday after Wells Fargo & Company lowered their price target on the stock from $105.00 to $81.00. Wells Fargo & Company currently has an overweight rating on the stock. DuPont de Nemours traded as low as $54.05 and last traded at $54.75, with a volume of 7148534 shares trading hands. The stock had previously closed at $57.78.

DD has been the topic of a number of other research reports. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. UBS Group raised their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Citigroup cut their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets boosted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.33.

Institutional Inflows and Outflows

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

DuPont de Nemours Stock Performance

The stock has a 50 day moving average of $75.51 and a two-hundred day moving average of $79.31. The stock has a market capitalization of $24.06 billion, a PE ratio of 34.42, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal 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 given a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

DuPont de Nemours Company Profile

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.