DuPont de Nemours, Inc. (NYSE:DD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $95.42.

Several analysts have issued reports on the company. Barclays lifted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley upped their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th.

DuPont de Nemours Price Performance

Shares of DD opened at $81.38 on Wednesday. The stock has a 50 day simple moving average of $84.51 and a 200 day simple moving average of $81.68. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The firm has a market capitalization of $34.01 billion, a PE ratio of 42.83, a P/E/G ratio of 1.96 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.87%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 80.00%.

Institutional Trading of DuPont de Nemours

A number of hedge funds have recently made changes to their positions in DD. State Street Corp increased its holdings in shares of DuPont de Nemours by 2.4% during the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after acquiring an additional 399,728 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after purchasing an additional 100,198 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of DuPont de Nemours by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after buying an additional 25,857 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of DuPont de Nemours by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after buying an additional 39,189 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in DuPont de Nemours by 22.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock valued at $176,147,000 after acquiring an additional 365,796 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

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.