DuPont de Nemours (NYSE:DD) Price Target Raised to $44.00

DuPont de Nemours (NYSE:DD) had its price target upped by UBS Group to $44.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the basic materials company’s stock.

A number of other equities analysts also recently commented on DD. Citigroup raised their price objective on DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. KeyCorp dropped their target price on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday. Mizuho raised their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Royal Bank Of Canada lifted their price target on shares of DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $99.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.75.

DuPont de Nemours Stock Up 1.5%

Shares of DD opened at $39.74 on Wednesday. DuPont de Nemours has a fifty-two week low of $22.50 and a fifty-two week high of $40.11. The company’s fifty day moving average is $74.31 and its two-hundred day moving average is $71.87. The firm has a market cap of $16.64 billion, a PE ratio of -84.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.11. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

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

DuPont de Nemours announced that its board has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to reacquire up to 12.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. DuPont de Nemours’s dividend payout ratio is currently -348.94%.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president directly owned 38,585 shares in the company, 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 have sold 74,208 shares of company stock valued at $5,714,861 over the last ninety days. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors have recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in DuPont de Nemours by 1.1% during the third quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock worth $934,000 after acquiring an additional 127 shares in the last quarter. Pacifica Partners Inc. increased its stake in DuPont de Nemours by 27.0% during the 3rd quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 128 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in DuPont de Nemours by 3.0% in the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after buying an additional 134 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in shares of DuPont de Nemours by 3.9% during the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock worth $256,000 after acquiring an additional 140 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 143 shares in 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.