DuPont de Nemours (NYSE:DD) Price Target Lowered to $52.00 at Argus

DuPont de Nemours (NYSE:DD) had its price target decreased by Argus from $86.00 to $52.00 in a report issued on Thursday,MarketScreener reports. Argus currently has a buy rating on the basic materials company’s stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company dropped their target price on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. UBS Group upped their price objective on DuPont de Nemours from $46.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Mizuho boosted their target price on shares of DuPont de Nemours from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Morgan Stanley reduced their price objective on shares of DuPont de Nemours from $80.00 to $44.00 in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, December 22nd. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.42.

DuPont de Nemours Stock Up 1.3%

Shares of NYSE:DD traded up $0.60 during trading on Thursday, hitting $46.28. 93,231 shares of the company were exchanged, compared to its average volume of 4,760,398. The firm’s 50 day moving average price is $42.19 and its 200-day moving average price is $36.49. DuPont de Nemours has a 12-month low of $22.50 and a 12-month high of $48.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63. The stock has a market capitalization of $19.39 billion, a P/E ratio of -25.11, a PEG ratio of 3.55 and a beta of 1.10.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Thursday, November 6th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.12 billion. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS. On average, research analysts predict that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours announced that its board has initiated a share repurchase plan on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 12.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at DuPont de Nemours

In related news, SVP Erik T. Hoover sold 6,005 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.79, for a total transaction of $238,938.95. Following the sale, the senior vice president directly owned 112,101 shares in the company, valued at approximately $4,460,498.79. This trade represents a 5.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lori Koch sold 9,011 shares of DuPont de Nemours 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 sale, the chief executive officer directly owned 288,326 shares in the company, valued at approximately $11,377,343.96. The trade was a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.61% of the stock is owned by insiders.

Institutional Trading of DuPont de Nemours

A number of institutional investors and hedge funds have recently modified their holdings of DD. Princeton Global Asset Management LLC increased its stake in shares of DuPont de Nemours by 64.4% in the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 143 shares during the period. Salomon & Ludwin LLC raised its holdings in DuPont de Nemours by 186.5% during the third quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 207 shares in the last quarter. Palisade Asset Management LLC acquired a new position in shares of DuPont de Nemours during the 3rd quarter valued at $26,000. Financial Life Planners acquired a new position in DuPont de Nemours during the third quarter worth about $27,000. Finally, Imprint Wealth LLC bought a new stake in DuPont de Nemours in the third quarter worth about $27,000. 73.96% of the stock is owned by institutional investors and hedge funds.

About DuPont de Nemours

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.