DuPont de Nemours (NYSE:DD) Stock Gets Price Target Cut from Royal Bank Of Canada

DuPont de Nemours (NYSE:DD) had its target price lowered by Royal Bank Of Canada from $176.00 to $160.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the basic materials company’s stock.

DD has been the subject of a number of other reports. The Goldman Sachs Group lowered their price objective on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Citigroup cut their price objective on shares of DuPont de Nemours from $170.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. UBS Group decreased their target price on shares of DuPont de Nemours from $178.00 to $172.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Finally, Barclays initiated coverage on shares of DuPont de Nemours in a research report on Tuesday, October 13th. They issued an “overweight” rating and a $156.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $130.50 on Thursday. The stock’s 50-day moving average is $133.29 and its 200 day moving average is $138.20. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 290.05, a P/E/G ratio of 1.19 and a beta of 1.05. DuPont de Nemours has a 1-year low of $98.26 and a 1-year high of $157.98. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.12. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm earned $1.12 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.0% on a year-over-year basis. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, sell-side analysts anticipate that DuPont de Nemours will post 7.26 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 30th. This represents a $2.40 annualized dividend and a yield of 1.8%. DuPont de Nemours’s dividend payout ratio is currently 533.33%.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors and hedge funds have recently bought and sold shares of DD. State Street Corp increased its holdings in DuPont de Nemours by 140.3% during the 2nd quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock valued at $6,095,909,000 after purchasing an additional 26,238,300 shares during the period. Auto Owners Insurance Co raised its position in DuPont de Nemours by 4,275.8% during the 4th quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company’s stock valued at $70,561,000 after purchasing an additional 17,151,278 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in DuPont de Nemours by 3,951.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,818,000 shares of the basic materials company’s stock worth $73,084,000 after buying an additional 1,773,124 shares during the period. KBC Group NV lifted its holdings in DuPont de Nemours by 435.8% in the 1st quarter. KBC Group NV now owns 1,687,376 shares of the basic materials company’s stock worth $77,281,000 after buying an additional 1,372,435 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in DuPont de Nemours by 7,762.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 949,117 shares of the basic materials company’s stock worth $123,281,000 after buying an additional 937,045 shares during the period. 73.96% of the stock is currently owned by institutional investors.

About DuPont de Nemours

DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.

DuPont’s portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.