Brokerages Set DuPont de Nemours, Inc. (NYSE:DD) Target Price at $85.07

Shares of DuPont de Nemours, Inc. (NYSE:DD) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $85.15.

Several equities analysts have commented on DD shares. Citigroup decreased their target price on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets raised their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. UBS Group decreased their target price on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company decreased their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Finally, Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $75.00 in a report on Tuesday, April 15th.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Choreo LLC grew its holdings in DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after acquiring an additional 8,205 shares during the last quarter. Merit Financial Group LLC grew its holdings in DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after acquiring an additional 4,939 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $1,343,000. Grandfield & Dodd LLC grew its holdings in DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after acquiring an additional 3,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after acquiring an additional 91,108 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $68.86 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours has a twelve month low of $53.77 and a twelve month high of $90.06. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 41.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The company has a 50-day simple moving average of $67.28 and a two-hundred day simple moving average of $75.30.

DuPont de Nemours (NYSE:DD) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the firm earned $0.79 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts forecast that DuPont de Nemours will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently -863.16%.

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.