DuPont de Nemours, Inc. (NYSE:DD) Given Average Rating of "Moderate Buy" by Analysts

Shares of DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $95.42.

A number of brokerages recently weighed in on DD. Morgan Stanley increased their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th.

DuPont de Nemours Stock Up 0.0 %

Shares of NYSE:DD traded up $0.02 during trading on Wednesday, reaching $81.38. 372,235 shares of the stock traded hands, compared to its average volume of 2,472,875. The stock has a market cap of $34.01 billion, a P/E ratio of 42.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a 50-day moving average of $84.51 and a two-hundred day moving average of $81.68. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the business posted $0.92 EPS. The company's revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. DuPont de Nemours's dividend payout ratio is presently 80.00%.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors have recently bought and sold shares of DD. UniSuper Management Pty Ltd increased its holdings in shares of DuPont de Nemours by 304.5% in the first quarter. UniSuper Management Pty Ltd now owns 18,351 shares of the basic materials company's stock worth $1,407,000 after purchasing an additional 13,814 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings in shares of DuPont de Nemours by 31.6% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,884 shares of the basic materials company's stock worth $298,000 after acquiring an additional 933 shares in the last quarter. National Bank of Canada FI boosted its position in shares of DuPont de Nemours by 40.5% during the 1st quarter. National Bank of Canada FI now owns 224,843 shares of the basic materials company's stock valued at $17,706,000 after acquiring an additional 64,815 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of DuPont de Nemours in the first quarter valued at $10,427,000. Finally, Pitcairn Co. increased its position in DuPont de Nemours by 8.1% in the first quarter. Pitcairn Co. now owns 6,483 shares of the basic materials company's stock worth $497,000 after purchasing an additional 485 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

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.