DuPont de Nemours (NYSE:DD) Sets New 12-Month Low – Here’s What Happened

DuPont de Nemours, Inc. (NYSE:DD) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $68.55 and last traded at $68.79, with a volume of 765497 shares trading hands. The stock had previously closed at $75.25.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DD. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Citigroup increased their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. BMO Capital Markets increased their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, UBS Group boosted their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Stock Down 10.1 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm’s fifty day simple moving average is $78.28 and its 200 day simple moving average is $80.63. The stock has a market capitalization of $28.30 billion, a price-to-earnings ratio of 40.52, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS 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%. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.42%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Hedge Funds Weigh In On DuPont de Nemours

A number of large investors have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in DuPont de Nemours by 9.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,060 shares of the basic materials company’s stock worth $229,000 after purchasing an additional 263 shares during the last quarter. 111 Capital acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $567,000. Wealth Enhancement Advisory Services LLC raised its holdings in DuPont de Nemours by 12.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 111,354 shares of the basic materials company’s stock worth $8,491,000 after acquiring an additional 12,108 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in DuPont de Nemours by 5.1% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 8,549 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 417 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in DuPont de Nemours in the fourth quarter valued at approximately $10,556,000. Institutional investors and hedge funds 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.