DuPont de Nemours, Inc. (NYSE:DD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $91.09.

A number of equities research analysts recently commented on DD shares. UBS Group upped their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price target for the stock from $78.00 to $101.00 in a report on Friday, May 17th. Mizuho increased their price target on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd.

Insider Buying and Selling

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the transaction, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DuPont de Nemours

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwest Financial Advisors bought a new position in shares of DuPont de Nemours in the 4th quarter valued at $25,000. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours in the 1st quarter valued at $25,000. ESL Trust Services LLC bought a new position in shares of DuPont de Nemours in the 1st quarter valued at $26,000. LifeSteps Financial Inc. bought a new position in shares of DuPont de Nemours in the 1st quarter valued at $28,000. Finally, Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the 1st quarter valued at $33,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.6 %

NYSE DD opened at $80.49 on Friday. The stock has a 50-day simple moving average of $78.95 and a 200 day simple moving average of $74.61. The company has a market capitalization of $33.65 billion, a PE ratio of 98.16, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $82.63.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. Research analysts forecast that DuPont de Nemours will post 3.63 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.89%. DuPont de Nemours’s payout ratio is 185.37%.

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.