DuPont de Nemours (NYSE:DD) Cut to Hold at StockNews.com

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

Several other brokerages have also recently issued reports on DD. Citigroup dropped their price target on DuPont de Nemours from $92.00 to $88.00 in a research report on Monday, February 10th. Royal Bank of Canada dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Barclays increased their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. BMO Capital Markets lowered their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Finally, Wolfe Research upgraded shares of 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 report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $98.75.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $83.31 on Wednesday. The stock has a market cap of $34.82 billion, a P/E ratio of 43.85, a P/E/G ratio of 1.70 and a beta of 1.34. DuPont de Nemours has a twelve month low of $67.70 and a twelve month high of $90.06. The stock has a 50 day moving average of $77.59 and a two-hundred day moving average of $81.12. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results 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 6.35% and a return on equity of 6.64%. On average, research analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gallagher Fiduciary Advisors LLC increased its stake in DuPont de Nemours by 19.4% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 3,104 shares of the basic materials company’s stock valued at $237,000 after purchasing an additional 504 shares in the last quarter. DoubleLine ETF Adviser LP acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $3,563,000. Wahed Invest LLC boosted its position in shares of DuPont de Nemours by 6.3% in the 4th quarter. Wahed Invest LLC now owns 10,453 shares of the basic materials company’s stock worth $797,000 after buying an additional 621 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in DuPont de Nemours by 8.9% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,014,592 shares of the basic materials company’s stock valued at $77,363,000 after acquiring an additional 82,543 shares during the last quarter. Finally, Gallo Partners LP purchased a new position in DuPont de Nemours during the 4th quarter valued at about $2,145,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.