StockNews.com Upgrades DuPont de Nemours (NYSE:DD) to "Buy"

StockNews.com upgraded shares of DuPont de Nemours (NYSE:DD - Free Report) from a hold rating to a buy rating in a research note published on Tuesday morning.

Other equities research analysts also recently issued reports about the company. Barclays increased their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Wells Fargo & Company boosted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Citigroup dropped their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.25.

DuPont de Nemours Stock Performance

DD stock traded up $0.37 during midday trading on Tuesday, reaching $77.25. The stock had a trading volume of 545,511 shares, compared to its average volume of 2,440,781. The firm has a fifty day simple moving average of $82.77 and a two-hundred day simple moving average of $82.00. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $90.06. 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 market cap of $32.29 billion, a PE ratio of 40.66, a P/E/G ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. As a group, equities research analysts anticipate that DuPont de Nemours will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Friday, November 29th. DuPont de Nemours's dividend payout ratio is presently 80.00%.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds have recently modified their holdings of DD. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the second quarter worth $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at about $28,000. Quarry LP purchased a new stake in shares of DuPont de Nemours in the second quarter valued at about $37,000. Ashton Thomas Securities LLC acquired a new stake in DuPont de Nemours during the third quarter worth about $38,000. Finally, FSA Wealth Management LLC purchased a new position in DuPont de Nemours during the third quarter worth about $39,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.