UBS Group Boosts DuPont de Nemours (NYSE:DD) Price Target to $49.00

DuPont de Nemours (NYSE:DD) had its price objective upped by analysts at UBS Group from $46.00 to $49.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. UBS Group’s target price points to a potential upside of 13.38% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley lowered their price target on shares of DuPont de Nemours from $80.00 to $44.00 in a report on Monday, November 10th. BMO Capital Markets decreased their target price on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Mizuho boosted their price target on DuPont de Nemours from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Wolfe Research decreased their price objective on DuPont de Nemours from $87.00 to $39.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $44.07.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded down $0.22 during mid-day trading on Wednesday, hitting $43.22. 2,286,080 shares of the company were exchanged, compared to its average volume of 4,359,511. DuPont de Nemours has a 12-month low of $22.50 and a 12-month high of $43.69. The company has a market capitalization of $18.11 billion, a P/E ratio of -23.50, a PEG ratio of 3.11 and a beta of 1.08. The business’s 50 day simple moving average is $39.67 and its two-hundred day simple moving average is $34.45. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 EPS for the quarter. The business had revenue of $3.02 billion for the quarter. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%. Analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 12.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at DuPont de Nemours

In other news, CEO Lori Koch sold 9,011 shares of the stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the sale, the chief executive officer owned 288,326 shares in the company, valued at approximately $11,377,343.96. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Erik T. Hoover sold 6,005 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.79, for a total value of $238,938.95. Following the transaction, the senior vice president directly owned 112,101 shares in the company, valued at $4,460,498.79. This trade represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of DuPont de Nemours by 6.7% during the third quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock worth $3,962,560,000 after purchasing an additional 3,203,044 shares during the period. State Street Corp grew its position in shares of DuPont de Nemours by 4.8% during the 2nd quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock valued at $1,259,585,000 after buying an additional 842,852 shares during the last quarter. Geode Capital Management LLC raised its stake in DuPont de Nemours by 4.8% during the second quarter. Geode Capital Management LLC now owns 10,782,760 shares of the basic materials company’s stock worth $736,487,000 after acquiring an additional 496,691 shares during the period. Invesco Ltd. lifted its holdings in DuPont de Nemours by 28.2% in the third quarter. Invesco Ltd. now owns 8,828,110 shares of the basic materials company’s stock worth $687,710,000 after acquiring an additional 1,942,589 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in DuPont de Nemours by 1.4% in the third quarter. Franklin Resources Inc. now owns 7,096,122 shares of the basic materials company’s stock valued at $552,788,000 after acquiring an additional 98,590 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Company Profile

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.