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

DuPont de Nemours, Inc. (NYSE:DD) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $88.3333.

Several equities analysts have weighed in on DD shares. Citigroup increased their price objective on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. KeyCorp increased their price objective on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $94.00 price objective on shares of DuPont de Nemours in a report on Friday, September 19th. Wells Fargo & Company increased their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a report on Wednesday.

Insiders Place Their Bets

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the transaction, the senior vice president directly owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 74,208 shares of company stock worth $5,714,861 over the last three months. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DuPont de Nemours

A number of large investors have recently made changes to their positions in the stock. CHICAGO TRUST Co NA boosted its holdings in shares of DuPont de Nemours by 1.3% in the third quarter. CHICAGO TRUST Co NA now owns 24,265 shares of the basic materials company’s stock worth $1,890,000 after acquiring an additional 304 shares during the period. Trust Point Inc. bought a new position in shares of DuPont de Nemours in the third quarter worth $278,000. Perpetual Ltd boosted its holdings in shares of DuPont de Nemours by 18.9% in the third quarter. Perpetual Ltd now owns 4,500 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 716 shares during the period. Focus Financial Network Inc. boosted its holdings in shares of DuPont de Nemours by 31.3% in the third quarter. Focus Financial Network Inc. now owns 4,988 shares of the basic materials company’s stock worth $389,000 after acquiring an additional 1,189 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of DuPont de Nemours by 8.0% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 6,471 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 482 shares during the period. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DD opened at $73.82 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $30.91 billion, a price-to-earnings ratio of -157.06, a PEG ratio of 2.25 and a beta of 1.08. The stock has a 50 day moving average of $76.02 and a 200 day moving average of $71.06. DuPont de Nemours has a 12 month low of $53.77 and a 12 month high of $87.80.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The company had revenue of $3.02 billion during the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. As a group, sell-side analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current year.

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.