DuPont de Nemours, Inc. (NYSE:DD) Given Consensus Recommendation of “Hold” by Analysts

DuPont de Nemours, Inc. (NYSE:DD) has earned an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $80.00.

DD has been the topic of several research analyst reports. Wolfe Research started coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DD. City State Bank grew its position in shares of DuPont de Nemours by 3.9% in the 4th quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 132 shares during the period. Triangle Securities Wealth Management grew its position in shares of DuPont de Nemours by 0.7% in the 1st quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock valued at $1,456,000 after acquiring an additional 134 shares during the period. Laurel Wealth Advisors LLC grew its position in shares of DuPont de Nemours by 5.3% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock valued at $209,000 after acquiring an additional 142 shares during the period. Personal CFO Solutions LLC grew its position in shares of DuPont de Nemours by 2.4% in the 3rd quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 147 shares during the period. Finally, SPC Financial Inc. grew its position in shares of DuPont de Nemours by 1.9% in the 1st quarter. SPC Financial Inc. now owns 8,011 shares of the basic materials company’s stock valued at $614,000 after acquiring an additional 151 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

DD opened at $78.23 on Friday. DuPont de Nemours has a one year low of $61.14 and a one year high of $79.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The company’s 50 day simple moving average is $74.29 and its 200-day simple moving average is $72.16. The stock has a market capitalization of $32.71 billion, a P/E ratio of 95.40, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the firm earned $0.84 earnings per share. DuPont de Nemours’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts anticipate that DuPont de Nemours will post 3.61 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. DuPont de Nemours’s payout ratio is 185.37%.

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.