DuPont de Nemours (NYSE:DD) Upgraded at StockNews.com

StockNews.com upgraded shares of DuPont de Nemours (NYSE:DD) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Citigroup lifted their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. BMO Capital Markets lifted 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 note on Thursday, February 13th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Finally, Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.75.

DuPont de Nemours Stock Down 1.4 %

Shares of DD opened at $81.67 on Thursday. The stock has a market cap of $34.14 billion, a price-to-earnings ratio of 48.90, a P/E/G ratio of 2.15 and a beta of 1.34. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours has a 12 month low of $68.21 and a 12 month high of $90.06. The company has a 50-day moving average price of $77.68 and a two-hundred day moving average price of $81.22.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 predict that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 91.02%.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in DuPont de Nemours during the 4th quarter worth $146,605,000. Marshall Wace LLP grew its holdings in DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock worth $112,219,000 after acquiring an additional 1,024,075 shares during the period. Prudential Financial Inc. grew its holdings in DuPont de Nemours by 337.5% during the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock worth $97,492,000 after acquiring an additional 986,366 shares during the period. Assenagon Asset Management S.A. grew its holdings in DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after acquiring an additional 859,333 shares during the period. Finally, Schroder Investment Management Group grew its holdings in DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock worth $86,971,000 after acquiring an additional 756,604 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

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.