DuPont de Nemours (NYSE:DD) Hits New 1-Year Low – What’s Next?

Shares of DuPont de Nemours, Inc. (NYSE:DD) reached a new 52-week low on Thursday . The company traded as low as $68.55 and last traded at $68.79, with a volume of 765497 shares trading hands. The stock had previously closed at $75.25.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. BMO Capital Markets boosted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Citigroup boosted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Performance

The business has a 50-day moving average of $77.71 and a 200 day moving average of $80.38. 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 company has a market cap of $24.65 billion, a PE ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.25.

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, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared 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 represents a $1.64 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Monday, March 3rd. 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 98.20%.

Institutional Trading of DuPont de Nemours

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Level Four Advisory Services LLC raised 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 purchasing an additional 129 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 132 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in shares of DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after acquiring an additional 133 shares during the period. Avior Wealth Management LLC boosted its stake in shares of 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 worth $57,000 after acquiring an additional 137 shares during the period. Finally, Hancock Whitney Corp grew its position in shares of DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock worth $429,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

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.