Brokerages Set DuPont de Nemours, Inc. (NYSE:DD) Target Price at $91.00

DuPont de Nemours, Inc. (NYSE:DD) has received an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $91.00.

DD has been the subject of several recent analyst reports. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Barclays raised their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. UBS Group boosted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Citigroup dropped their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $103.00 in a research note on Friday, May 24th.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $79.59 on Thursday. The company has a market capitalization of $33.28 billion, a price-to-earnings ratio of 97.06, a price-to-earnings-growth ratio of 2.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours has a one year low of $61.14 and a one year high of $82.63. The company’s 50-day moving average is $80.18 and its 200 day moving average is $75.19.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results 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 firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business’s revenue for the quarter 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. Sell-side analysts expect that DuPont de Nemours will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.91%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael G. Goss sold 1,339 shares of the 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 completion of the sale, the insider now owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Institutional Trading of DuPont de Nemours

Several institutional investors and hedge funds have recently added to or reduced their stakes in DD. American Century Companies Inc. lifted its holdings in shares of DuPont de Nemours by 8.0% in the third quarter. American Century Companies Inc. now owns 63,497 shares of the basic materials company’s stock worth $4,736,000 after buying an additional 4,691 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of DuPont de Nemours by 91.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 596 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 285 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter worth about $63,000. Dynamic Advisor Solutions LLC lifted its position in shares of DuPont de Nemours by 445.8% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 15,653 shares of the basic materials company’s stock worth $1,200,000 after buying an additional 12,785 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its stake in DuPont de Nemours by 2.1% during the fourth quarter. Raymond James Trust N.A. now owns 18,887 shares of the basic materials company’s stock valued at $1,453,000 after buying an additional 380 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

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.