DuPont de Nemours (NYSE:DD) Upgraded at StockNews.com

StockNews.com upgraded shares of DuPont de Nemours (NYSE:DD) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Other analysts also recently issued reports about the company. Barclays upped their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Citigroup decreased their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company upped their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Stock Down 0.0 %

DD stock opened at $77.24 on Tuesday. The stock has a market capitalization of $32.28 billion, a P/E ratio of 40.65, a P/E/G ratio of 1.97 and a beta of 1.34. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The business has a 50-day moving average of $82.30 and a 200-day moving average of $81.92. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, sell-side analysts anticipate that DuPont de Nemours will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Institutional Trading of DuPont de Nemours

Several hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its position in shares of DuPont de Nemours by 4.6% in the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after purchasing an additional 21,435 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $203,000. Franklin Resources Inc. lifted its holdings in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares during the last quarter. Synovus Financial Corp grew its position in DuPont de Nemours by 2.5% in the third quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company’s stock worth $3,256,000 after acquiring an additional 905 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in DuPont de Nemours by 10.7% in the third quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company’s stock valued at $2,857,000 after acquiring an additional 3,096 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

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.