DuPont de Nemours (NYSE:DD) Upgraded at KeyCorp

KeyCorp upgraded shares of DuPont de Nemours (NYSE:DD) from a sector weight rating to an overweight rating in a research note released on Monday morning, MarketBeat.com reports. The brokerage currently has $81.00 target price on the basic materials company’s stock.

A number of other research firms also recently issued reports on DD. Royal Bank of Canada reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. UBS Group boosted their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company dropped their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.71.

DuPont de Nemours Stock Performance

NYSE:DD opened at $59.32 on Monday. DuPont de Nemours has a 52-week low of $53.77 and a 52-week 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 capitalization of $24.83 billion, a PE ratio of 35.52, a P/E/G ratio of 2.15 and a beta of 1.25. The stock has a 50-day simple moving average of $74.15 and a two-hundred day simple moving average of $78.59.

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

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.76%. DuPont de Nemours’s payout ratio is presently 98.20%.

Institutional Trading of DuPont de Nemours

Several institutional investors have recently bought and sold shares of DD. Level Four Advisory Services LLC lifted its holdings in DuPont de Nemours by 2.8% in 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 in the last quarter. Lake Street Advisors Group LLC boosted its position in shares of 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 buying an additional 132 shares during the period. Global Trust Asset Management LLC grew its position in DuPont de Nemours by 1.5% in the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after acquiring an additional 133 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after buying an additional 137 shares in the last quarter. Finally, Hancock Whitney Corp boosted its holdings in 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 purchasing an additional 143 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

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.