DuPont de Nemours (NYSE:DD) Shares Gap Down – Should You Sell?

DuPont de Nemours, Inc. (NYSE:DD)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $67.78, but opened at $59.91. DuPont de Nemours shares last traded at $59.05, with a volume of 1,047,357 shares traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on DD shares. JPMorgan Chase & Co. lowered their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. UBS Group raised their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $85.00 to $89.00 in a research note 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Stock Performance

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 firm has a fifty day moving average price of $78.07 and a two-hundred day moving average price of $80.54. The stock has a market capitalization of $25.37 billion, a PE ratio of 36.37, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released 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%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Institutional Trading of DuPont de Nemours

A number of hedge funds have recently modified their holdings of the stock. United Bank increased its holdings in shares of DuPont de Nemours by 2.7% during the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after purchasing an additional 290 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in DuPont de Nemours by 29.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 8,798 shares of the basic materials company’s stock worth $786,000 after purchasing an additional 1,981 shares during the period. Hilltop Holdings Inc. increased its position in shares of DuPont de Nemours by 24.2% in the third quarter. Hilltop Holdings Inc. now owns 5,993 shares of the basic materials company’s stock valued at $534,000 after buying an additional 1,167 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of DuPont de Nemours by 35.9% during the 3rd quarter. HighTower Advisors LLC now owns 361,708 shares of the basic materials company’s stock valued at $32,246,000 after buying an additional 95,468 shares in the last quarter. Finally, Investment Management Corp of Ontario raised its position in DuPont de Nemours by 50.0% during the third quarter. Investment Management Corp of Ontario now owns 13,805 shares of the basic materials company’s stock worth $1,230,000 after acquiring an additional 4,600 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

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.