Wells Fargo & Company Lowers DuPont de Nemours (NYSE:DD) Price Target to $81.00

DuPont de Nemours (NYSE:DD - Free Report) had its price target reduced by Wells Fargo & Company from $105.00 to $81.00 in a research report sent to investors on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company's stock.

Several other research firms have also recently issued reports on DD. UBS Group raised their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Citigroup decreased their target price 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. Barclays upgraded shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average price target of $93.33.

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DuPont de Nemours Trading Up 2.0 %

Shares of NYSE:DD traded up $1.14 on Wednesday, reaching $58.80. 3,784,398 shares of the company traded hands, compared to its average volume of 2,355,293. 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. The business's 50-day simple moving average is $75.15 and its 200 day simple moving average is $79.12. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours has a 52 week low of $53.77 and a 52 week high of $90.06.

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

DuPont de Nemours Increases Dividend

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

Hedge Funds Weigh In On DuPont de Nemours

Several large investors have recently made changes to their positions in DD. Vanguard Group Inc. increased its position in DuPont de Nemours by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock valued at $3,552,961,000 after buying an additional 353,010 shares in the last quarter. Geode Capital Management LLC grew its position in DuPont de Nemours by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company's stock valued at $883,821,000 after purchasing an additional 100,198 shares during the last quarter. Franklin Resources Inc. increased its stake in DuPont de Nemours by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock valued at $525,683,000 after purchasing an additional 483,722 shares in the last quarter. Northern Trust Corp raised its holdings in DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after buying an additional 690,218 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of DuPont de Nemours by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after buying an additional 336,000 shares in the last quarter. 73.96% of the stock is currently 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.