Morgan Stanley Boosts DuPont de Nemours (NYSE:DD) Price Target to $94.00

DuPont de Nemours (NYSE:DD) had its price objective lifted by Morgan Stanley from $88.00 to $94.00 in a research report report published on Monday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the basic materials company’s stock.

A number of other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup lowered their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Trading Down 0.2 %

Shares of DD stock opened at $84.21 on Monday. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market cap of $35.21 billion, a price-to-earnings ratio of 102.70, a PEG ratio of 2.26 and a beta of 1.34. The stock has a 50-day moving average of $83.71 and a 200-day moving average of $80.49.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, equities research analysts forecast that DuPont de Nemours will post 3.76 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Institutional Trading of DuPont de Nemours

Several institutional investors and hedge funds have recently modified their holdings of the stock. Global Assets Advisory LLC purchased a new position in DuPont de Nemours during the 1st quarter worth $1,130,000. Kwmg LLC increased its stake in DuPont de Nemours by 2.6% in the 1st quarter. Kwmg LLC now owns 67,405 shares of the basic materials company’s stock valued at $5,168,000 after buying an additional 1,686 shares during the last quarter. Mcdonald Partners LLC lifted its position in shares of DuPont de Nemours by 6.7% during the 1st quarter. Mcdonald Partners LLC now owns 15,823 shares of the basic materials company’s stock worth $1,213,000 after buying an additional 987 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of DuPont de Nemours by 6.5% in the 1st quarter. Sunbelt Securities Inc. now owns 10,749 shares of the basic materials company’s stock worth $824,000 after buying an additional 656 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of DuPont de Nemours by 5.5% in the first quarter. Brookstone Capital Management now owns 77,834 shares of the basic materials company’s stock valued at $5,968,000 after acquiring an additional 4,089 shares in the last quarter. 73.96% of the stock is 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.