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

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

Several other research analysts have also recently issued reports on DD. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. Finally, UBS Group increased their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $81.75 on Friday. DuPont de Nemours has a 12 month low of $68.21 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The business has a 50 day simple moving average of $78.00 and a 200-day simple moving average of $81.32. The stock has a market capitalization of $34.18 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping 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%. Equities analysts predict that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.41 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 91.02%.

Institutional Trading of DuPont de Nemours

A number of large investors have recently made changes to their positions in DD. DekaBank Deutsche Girozentrale boosted its stake in shares of DuPont de Nemours by 1.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 62,530 shares of the basic materials company’s stock valued at $5,577,000 after acquiring an additional 933 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of DuPont de Nemours by 13.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,647 shares of the basic materials company’s stock valued at $414,000 after acquiring an additional 554 shares during the last quarter. Valmark Advisers Inc. acquired a new stake in shares of DuPont de Nemours during the third quarter valued at $227,000. First Trust Direct Indexing L.P. boosted its stake in shares of DuPont de Nemours by 17.1% during the third quarter. First Trust Direct Indexing L.P. now owns 15,122 shares of the basic materials company’s stock valued at $1,348,000 after acquiring an additional 2,207 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in DuPont de Nemours by 8.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 59,374 shares of the basic materials company’s stock worth $5,291,000 after buying an additional 4,679 shares during the last quarter. Institutional investors and hedge funds 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.