DuPont de Nemours (NYSE:DD – Get a rating) had its target price raised by Citigroup from $72.00 to $75.00 in a research report released Monday morning, reports The Fly. The company currently has a buy rating on shares of the basic materials company.
Several other stock analysts have also published reports on the company. Bank of America cut its price target on DuPont de Nemours from $77.00 to $73.00 in a Wednesday, July 13 research report. UBS Group reduced its price target on DuPont de Nemours from $96.00 to $87.00 in a Wednesday, July 13 research report. KeyCorp cut its price target on DuPont de Nemours from $96.00 to $82.00 and set an overweight rating on the stock in a Wednesday, July 20 research report. Morgan Stanley cut its price target on DuPont de Nemours from $93.00 to $72.00 and set an equal weighting quote on the stock in a Wednesday, Aug. 3 research report. Finally, Royal Bank of Canada cut its price target on DuPont de Nemours from $81.00 to $75.00 and set an outperformance rating for the stock in a Wednesday, August 3 research report. Four equity research analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on MarketBeat data, DuPont de Nemours currently has a Moderate Buy consensus rating and an average target price of $79.00.
Price performance of DuPont de Nemours
DuPont de Nemours shares opened at $59.33 on Monday. The company has a current ratio of 2.55, a quick ratio of 2.12 and a debt ratio of 0.41. The company has a market capitalization of $29.72 billion, a PE ratio of 16.30, a growth price-earnings ratio of 1.89 and a beta of 1.42. The company’s 50-day moving average price is $58.91 and its 200-day moving average price is $67.59. DuPont de Nemours has a 12-month low of $52.56 and a 12-month high of $85.16.
DuPont de Nemours (NYSE:DD – Get Rating) last reported quarterly earnings data on Tuesday, August 2. The basic materials company reported EPS of $0.88 for the quarter, beating the consensus estimate of $0.75 by $0.13. DuPont de Nemours posted a return on equity of 7.54% and a net margin of 12.35%. The company posted revenue of $3.32 billion for the quarter, versus analyst estimates of $3.26 billion. During the same period of the previous year, the company achieved EPS of $1.06. The company’s revenue was down 19.7% year over year. Sell-side analysts expect DuPont de Nemours to post an EPS of 3.35 for the current fiscal year.
Announcement of the DuPont de Nemours dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Friday, July 29 will receive a dividend of $0.33. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday July 28. DuPont de Nemours’ payout ratio is currently 36.26%.
Institutional entries and exits
Institutional investors and hedge funds have recently changed their positions in the company. Kwmg LLC increased its position in DuPont de Nemours by 11.9% during the 1st quarter. Kwmg LLC now owns 47,225 shares of the basic materials company valued at $3,475,000 after buying an additional 5,034 shares last quarter. Equitable Holdings Inc. purchased a new equity stake in DuPont de Nemours in Q4 for $599,000. CWM LLC increased its stake in DuPont de Nemours shares by 40.5% in the 1st quarter. CWM LLC now owns 8,479 shares of the basic materials company worth $624,000 after buying 2,446 additional shares last quarter. Cinctive Capital Management LP purchased a new equity stake in DuPont de Nemours in the 4th quarter for a value of $1,497,000. Finally, Lincoln National Corp increased its stake in DuPont de Nemours shares by 3.9% in the 1st quarter. Lincoln National Corp now owns 14,386 shares of the basic materials company worth $1,059,000 after buying 540 more shares last quarter. Hedge funds and other institutional investors own 73.33% of the company’s shares.
DuPont de Nemours Company Profile
(Get a rating)
DuPont de Nemours, Inc provides materials and technology solutions in the United States, Canada, Asia-Pacific, Latin America, Europe, the Middle East and Africa. It operates through three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment provides printing materials and systems to the advanced printing industry; and materials and solutions for semiconductor and integrated circuit manufacturing addressing the front-end and back-end of the manufacturing process.
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