DuPont de Nemours, Inc. (NYSE:DD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $99.17.

A number of analysts recently issued reports on DD shares. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. 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 report on Friday, January 17th. UBS Group boosted their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd boosted its holdings in DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 302 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in DuPont de Nemours in the 4th quarter worth $28,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter worth about $29,000. Finally, Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $74.72 on Tuesday. The business’s 50-day moving average is $78.40 and its 200-day moving average is $80.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The company has a market capitalization of $31.24 billion, a price-to-earnings ratio of 44.74, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours has a fifty-two week low of $72.38 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. Equities research analysts expect that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 98.20%.

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.