DuPont de Nemours (NYSE:DD) Price Target Cut to $80.00 by Analysts at Mizuho

DuPont de Nemours (NYSE:DD) had its price target decreased by Mizuho from $100.00 to $80.00 in a research report released on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the basic materials company’s stock.

Other analysts also recently issued reports about the company. UBS Group decreased their target price on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup lowered their target price on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Bank of America raised DuPont de Nemours from an “underperform” rating to a “neutral” rating and lowered their price objective for the stock from $80.00 to $75.00 in a research report on Tuesday. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $87.71.

DuPont de Nemours Stock Down 0.8 %

DD opened at $60.47 on Tuesday. The firm’s fifty day moving average is $74.48 and its 200 day moving average is $78.72. DuPont de Nemours has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last released its quarterly 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 forecast 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 announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.71%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is 98.20%.

Institutional Trading of DuPont de Nemours

A number of institutional investors have recently added to or reduced their stakes in DD. Level Four Advisory Services LLC lifted its position in shares of DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock valued at $357,000 after acquiring an additional 129 shares during the period. Lake Street Advisors Group LLC raised its holdings in DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 132 shares during the last quarter. Global Trust Asset Management LLC boosted its position in DuPont de Nemours by 1.5% during the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after purchasing an additional 133 shares in the last quarter. Avior Wealth Management LLC grew its holdings in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 137 shares during the last quarter. Finally, Hancock Whitney Corp increased its position in shares of DuPont de Nemours by 2.6% in the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock valued at $429,000 after buying an additional 143 shares in the last quarter. Hedge funds and other institutional investors 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.