DuPont de Nemours (NYSE:DD) Shares Gap Down - Here's What Happened

Shares of DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $67.78, but opened at $59.91. DuPont de Nemours shares last traded at $59.05, with a volume of 1,047,357 shares traded.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DD shares. UBS Group raised their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $95.33.

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DuPont de Nemours Trading Down 5.2 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm's 50-day simple moving average is $77.33 and its 200 day simple moving average is $80.17. The firm has a market capitalization of $22.89 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 2.15 and a beta of 1.25.

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

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.00%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's dividend payout ratio is presently 98.20%.

Institutional Trading of DuPont de Nemours

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd grew its position in DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in DuPont de Nemours in the fourth quarter worth approximately $28,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the 4th quarter worth $29,000. Finally, Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $31,000. 73.96% of the stock is owned by institutional investors.

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.