JPMorgan Chase & Co. Downgrades DuPont de Nemours (NYSE:DD) to Neutral

DuPont de Nemours (NYSE:DD) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $145.00 target price on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 9.51% from the stock’s previous close.

A number of other brokerages have also commented on DD. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. UBS Group reduced their price objective on DuPont de Nemours from $178.00 to $172.00 and set a “buy” rating for the company in a research note on Monday. Citigroup decreased their price objective on DuPont de Nemours from $170.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group lowered their target price on DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $163.47.

DuPont de Nemours Stock Up 1.0%

Shares of NYSE DD opened at $132.40 on Friday. The firm has a market cap of $17.88 billion, a PE ratio of 294.29, a P/E/G ratio of 1.20 and a beta of 1.05. DuPont de Nemours has a 12-month low of $92.49 and a 12-month high of $157.98. The company’s fifty day simple moving average is $134.80 and its 200 day simple moving average is $138.48. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.12. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, sell-side analysts forecast that DuPont de Nemours will post 7.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DuPont de Nemours

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in DuPont de Nemours by 242.3% during the 3rd quarter. GAMMA Investing LLC now owns 26,978 shares of the basic materials company’s stock worth $3,504,000 after purchasing an additional 19,096 shares in the last quarter. Grove Bank & Trust purchased a new position in shares of DuPont de Nemours during the third quarter valued at approximately $40,000. Farther Finance Advisors LLC boosted its position in shares of DuPont de Nemours by 839.5% during the third quarter. Farther Finance Advisors LLC now owns 39,355 shares of the basic materials company’s stock valued at $5,112,000 after buying an additional 35,166 shares during the last quarter. CoreCap Advisors LLC grew its holdings in DuPont de Nemours by 67.5% during the third quarter. CoreCap Advisors LLC now owns 2,993 shares of the basic materials company’s stock worth $389,000 after buying an additional 1,206 shares in the last quarter. Finally, Atwood & Palmer Inc. raised its position in DuPont de Nemours by 3,235.3% in the 3rd quarter. Atwood & Palmer Inc. now owns 3,402 shares of the basic materials company’s stock valued at $442,000 after buying an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

About DuPont de Nemours

DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.

DuPont’s portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.