DuPont de Nemours, Inc. (NYSE:DD) Receives $99.17 Consensus Price Target from Analysts

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $99.17.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Citigroup lifted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DD. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours during the fourth quarter valued at about $26,000. Aster Capital Management DIFC Ltd lifted its position in shares of DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in DuPont de Nemours during the 4th quarter valued at approximately $28,000. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at approximately $29,000. Finally, Vision Financial Markets LLC bought a new position in DuPont de Nemours in the 4th quarter worth approximately $31,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $76.00 on Tuesday. The stock’s fifty day simple moving average is $78.52 and its 200-day simple moving average is $80.78. The company has a market capitalization of $31.77 billion, a price-to-earnings ratio of 45.51, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours has a 1-year low of $72.38 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results 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 return on equity of 7.12% and a net margin of 5.47%. On average, sell-side analysts predict that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.16%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s payout ratio is presently 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.