DuPont de Nemours, Inc. (NYSE:DD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of DuPont de Nemours, Inc. (NYSE:DD) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $95.42.

Several equities analysts have weighed in on DD shares. Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

DuPont de Nemours Stock Performance

Shares of DD opened at $83.32 on Wednesday. The company has a 50-day moving average of $84.64 and a two-hundred day moving average of $81.77. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours has a one year low of $61.14 and a one year high of $90.06. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 1.98 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that DuPont de Nemours will post 3.91 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its holdings in DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in shares of DuPont de Nemours by 3.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after buying an additional 132 shares during the period. Moody National Bank Trust Division raised its position in DuPont de Nemours by 0.6% during the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after purchasing an additional 134 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of DuPont de Nemours by 3.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 137 shares during the period. Finally, Focus Financial Network Inc. boosted its position in shares of DuPont de Nemours by 3.7% during the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 143 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.