Brokerages Set DuPont de Nemours, Inc. (NYSE:DD) Price Target at $88.33

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $89.75.

Several research firms have issued reports on DD. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Mizuho increased their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. UBS Group lifted their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Citigroup upped their price objective on shares of DuPont de Nemours from $85.00 to $93.00 in a report on Friday, September 19th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of DuPont de Nemours in a research report on Wednesday, October 8th.

Insider Transactions at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president owned 38,585 shares in the company, valued at $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 74,208 shares of company stock worth $5,714,861 in the last three months. Company insiders own 0.61% of the company’s stock.

Institutional Trading of DuPont de Nemours

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in DuPont de Nemours by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 47,664,223 shares of the basic materials company’s stock worth $3,269,289,000 after buying an additional 769,600 shares during the period. State Street Corp increased its position in DuPont de Nemours by 4.8% during the second quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock worth $1,259,585,000 after acquiring an additional 842,852 shares during the period. Geode Capital Management LLC raised its stake in DuPont de Nemours by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 10,782,760 shares of the basic materials company’s stock worth $736,487,000 after purchasing an additional 496,691 shares in the last quarter. Nuveen LLC bought a new stake in DuPont de Nemours in the 1st quarter valued at about $531,037,000. Finally, Norges Bank bought a new stake in DuPont de Nemours in the 2nd quarter valued at about $313,306,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $79.59 on Friday. The company has a fifty day moving average price of $76.70 and a two-hundred day moving average price of $71.15. DuPont de Nemours has a one year low of $53.77 and a one year high of $87.80. The stock has a market cap of $33.33 billion, a P/E ratio of -169.34, a P/E/G ratio of 2.26 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94.

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

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.