DuPont de Nemours (NYSE:DD) Price Target Raised to $103.00 at UBS Group

DuPont de Nemours (NYSE:DD) had its price objective lifted by UBS Group from $102.00 to $103.00 in a research note released on Tuesday,Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

DD has been the topic of several other research reports. Citigroup raised their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Trading Up 0.0 %

Shares of NYSE DD opened at $81.85 on Tuesday. DuPont de Nemours has a 1-year low of $68.21 and a 1-year high of $90.06. The company has a 50-day moving average of $77.75 and a two-hundred day moving average of $81.30. The company has a market cap of $34.22 billion, a PE ratio of 49.01, a P/E/G ratio of 2.15 and a beta of 1.34. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, equities analysts expect that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.00%. The ex-dividend date is Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is presently 91.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $74,000. Integrated Advisors Network LLC raised its holdings in DuPont de Nemours by 6.3% during the 4th quarter. Integrated Advisors Network LLC now owns 5,902 shares of the basic materials company’s stock worth $450,000 after buying an additional 349 shares during the period. Vermillion Wealth Management Inc. bought a new position in DuPont de Nemours in the fourth quarter valued at approximately $28,000. Mackenzie Financial Corp boosted its holdings in shares of DuPont de Nemours by 3.8% in the fourth quarter. Mackenzie Financial Corp now owns 323,357 shares of the basic materials company’s stock valued at $24,656,000 after buying an additional 11,923 shares during the period. Finally, Forum Financial Management LP increased its position in shares of DuPont de Nemours by 2.6% during the fourth quarter. Forum Financial Management LP now owns 7,985 shares of the basic materials company’s stock worth $609,000 after acquiring an additional 201 shares in the last quarter. 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.