DuPont de Nemours (NYSE:DD) Sets New 1-Year Low After Analyst Downgrade

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) reached a new 52-week low during trading on Wednesday after Wells Fargo & Company lowered their price target on the stock from $105.00 to $81.00. Wells Fargo & Company currently has an overweight rating on the stock. DuPont de Nemours traded as low as $54.05 and last traded at $54.75, with a volume of 7148534 shares changing hands. The stock had previously closed at $57.78.

A number of other research analysts have also recently commented on DD. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Citigroup reduced their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Finally, Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $93.33.

Institutional Trading of DuPont de Nemours

Several hedge funds have recently added to or reduced their stakes in DD. Choreo LLC raised its stake in shares of DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock valued at $3,296,000 after purchasing an additional 8,205 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock valued at $1,410,000 after acquiring an additional 4,939 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $1,343,000. Grandfield & Dodd LLC raised its holdings in DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after purchasing an additional 3,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after purchasing an additional 91,108 shares during the period. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Up 2.0 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The business has a 50 day simple moving average of $75.15 and a 200-day simple moving average of $79.05. The stock has a market capitalization of $24.61 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio is 98.20%.

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.