Analysts Set DuPont Co. (DD) Price Target at $69.89
Shares of DuPont Co. (NYSE:DD) have been assigned a consensus rating of “Hold” from the nineteen research firms that are covering the firm. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $69.89.
DD has been the topic of several research analyst reports. Zacks Investment Research downgraded DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Vetr raised DuPont from a “strong sell” rating to a “sell” rating and set a $64.60 price objective on the stock in a research note on Tuesday, July 26th. Nomura initiated coverage on DuPont in a research note on Tuesday, October 18th. They set a “buy” rating and a $78.00 price objective on the stock. Deutsche Bank AG raised their price objective on DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research note on Friday, August 12th. Finally, Citigroup Inc. raised DuPont from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $72.00 to $76.00 in a research note on Monday, October 3rd.
Shares of DuPont (NYSE:DD) opened at 69.21 on Wednesday. The firm’s 50-day moving average is $68.66 and its 200 day moving average is $67.56. DuPont has a 52 week low of $50.71 and a 52 week high of $75.72. The firm has a market cap of $60.17 billion, a PE ratio of 30.62 and a beta of 1.71.
DuPont (NYSE:DD) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.13. DuPont had a return on equity of 27.16% and a net margin of 8.08%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company earned $0.13 EPS. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that DuPont will post $3.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, November 10th. DuPont’s dividend payout ratio is presently 67.26%.
In related news, EVP Christopher Marc Doyle sold 5,422 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $69.53, for a total value of $376,991.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James C. Jr. Collins sold 50,316 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $70.30, for a total value of $3,537,214.80. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
Large investors have recently modified their holdings of the stock. Endurance Wealth Management Inc. boosted its stake in shares of DuPont by 3,600.0% in the third quarter. Endurance Wealth Management Inc. now owns 1,480 shares of the company’s stock valued at $102,000 after buying an additional 1,440 shares during the period. Timber Creek Capital Management LLC boosted its stake in shares of DuPont by 200.0% in the third quarter. Timber Creek Capital Management LLC now owns 1,650 shares of the company’s stock valued at $110,000 after buying an additional 1,100 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of DuPont by 4.6% in the third quarter. Enterprise Financial Services Corp now owns 1,731 shares of the company’s stock valued at $116,000 after buying an additional 76 shares during the period. Pinkerton Retirement Specialists LLC boosted its stake in shares of DuPont by 5,435.3% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,882 shares of the company’s stock valued at $122,000 after buying an additional 1,848 shares during the period. Finally, Integrated Investment Consultants LLC boosted its stake in shares of DuPont by 10.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,050 shares of the company’s stock valued at $133,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 70.30% of the company’s stock.
E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company consists of over 10 businesses aggregated into six segments: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. Its products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio-based materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.
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