DuPont de Nemours, Inc. (NYSE:DD) Given Consensus Rating of “Moderate Buy” by Brokerages

DuPont de Nemours, Inc. (NYSE:DD) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $99.17.

Several analysts have recently commented on DD shares. 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 report on Friday, January 17th. Royal Bank of Canada lowered their price objective 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 raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. UBS Group lifted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th.

Hedge Funds Weigh In On DuPont de Nemours

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in DuPont de Nemours by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock worth $3,552,961,000 after buying an additional 353,010 shares during the last quarter. State Street Corp grew its position in shares of DuPont de Nemours by 2.4% during the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after acquiring an additional 399,728 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of DuPont de Nemours by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after acquiring an additional 100,198 shares during the period. Franklin Resources Inc. lifted its position in DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock valued at $525,683,000 after purchasing an additional 483,722 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in DuPont de Nemours by 16.3% during the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock valued at $376,051,000 after purchasing an additional 690,218 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Up 2.5 %

NYSE DD opened at $77.09 on Tuesday. The firm’s fifty day moving average is $78.51 and its two-hundred day moving average is $80.86. DuPont de Nemours has a one year low of $72.38 and a one year high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a market cap of $32.23 billion, a PE ratio of 46.16, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data 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 return on equity of 7.12% and a net margin of 5.47%. Analysts expect that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is 98.20%.

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.