DuPont de Nemours, Inc. (NYSE:DD) to Issue $0.38 Quarterly Dividend

DuPont de Nemours, Inc. (NYSE:DD) declared a quarterly dividend on Wednesday, April 17th, RTT News reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.38 per share by the basic materials company on Monday, June 17th. This represents a $1.52 annualized dividend and a yield of 2.08%.

DuPont de Nemours has increased its dividend payment by an average of 6.3% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. DuPont de Nemours has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect DuPont de Nemours to earn $4.12 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 35.0%.

DuPont de Nemours Trading Up 0.7 %

Shares of DD opened at $73.08 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The firm has a 50 day moving average price of $72.40 and a 200-day moving average price of $72.12. The firm has a market cap of $30.55 billion, a price-to-earnings ratio of 78.58, a PEG ratio of 2.40 and a beta of 1.40. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $78.74.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. As a group, equities research analysts forecast that DuPont de Nemours will post 3.48 earnings per share for the current year.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,547 shares of the basic materials company’s stock valued at $3,696,144,000 after acquiring an additional 3,168,639 shares during the period. Moneta Group Investment Advisors LLC raised its stake in shares of DuPont de Nemours by 114,597.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after buying an additional 11,960,552 shares during the period. Nuveen Asset Management LLC raised its stake in shares of DuPont de Nemours by 3.2% during the 4th quarter. Nuveen Asset Management LLC now owns 8,206,052 shares of the basic materials company’s stock worth $631,292,000 after buying an additional 253,227 shares during the period. Morgan Stanley raised its stake in shares of DuPont de Nemours by 6.9% during the 4th quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock worth $528,241,000 after buying an additional 498,633 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of DuPont de Nemours by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 7,279,781 shares of the basic materials company’s stock worth $404,619,000 after buying an additional 58,814 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Mizuho cut their price objective on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and a consensus price target of $77.90.

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.