DuPont de Nemours (NYSE:DD) Downgraded by StockNews.com to “Hold”

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

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company increased their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Barclays upped their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $82.05 on Tuesday. The stock’s 50 day moving average is $84.07 and its 200-day moving average is $82.12. The company has a market capitalization of $34.29 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 2.01 and a beta of 1.34. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. 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 announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that DuPont de Nemours will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 80.00%.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours in the second quarter worth $27,000. Denver PWM LLC bought a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $28,000. Quarry LP acquired a new stake in shares of DuPont de Nemours in the second quarter valued at about $37,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours during the third quarter worth about $38,000. Finally, FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the third quarter worth approximately $39,000. 73.96% of the stock is owned by institutional investors.

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.