DuPont de Nemours, Inc. (NYSE:DD) Receives $84.92 Consensus Price Target from Analysts

DuPont de Nemours, Inc. (NYSE:DD) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $65.9167.

DD has been the topic of several research reports. Citigroup increased their price target on shares of DuPont de Nemours from $38.90 to $47.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Mizuho raised their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. KeyCorp cut their price target on DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, Wolfe Research reduced their price objective on DuPont de Nemours from $87.00 to $39.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th.

DuPont de Nemours Trading Up 0.4%

Shares of DD stock opened at $40.41 on Wednesday. The stock has a market cap of $16.92 billion, a P/E ratio of -85.98, a P/E/G 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 has a fifty-two week low of $22.50 and a fifty-two week high of $40.79. The business has a fifty day simple moving average of $72.87 and a 200-day simple moving average of $71.64.

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 negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.02 billion for the quarter. On average, analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours announced that its board has initiated a stock buyback program on Thursday, November 6th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to purchase up to 12.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

DuPont de Nemours Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, November 28th. DuPont de Nemours’s dividend payout ratio is -43.48%.

Insider Activity at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction dated 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 completion of the sale, the senior vice president directly 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 filing with the SEC, which is available through the SEC website. Insiders have sold 74,208 shares of company stock worth $5,714,861 in the last ninety days. Insiders own 0.61% of the company’s stock.

Institutional Trading of DuPont de Nemours

A number of hedge funds have recently bought and sold shares of the company. Princeton Global Asset Management LLC raised its holdings 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 during the last quarter. Salomon & Ludwin LLC grew its position in shares of DuPont de Nemours by 186.5% in the third quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 207 shares during the period. WPG Advisers LLC acquired a new position in DuPont de Nemours in the first quarter valued at $35,000. Cary Street Partners Investment Advisory LLC lifted its position in DuPont de Nemours by 67.5% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the basic materials company’s stock worth $37,000 after buying an additional 218 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in DuPont de Nemours in the 1st quarter worth about $40,000. 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.