DuPont de Nemours (NYSE:DD) Upgraded by Wells Fargo & Company to Overweight

Wells Fargo & Company upgraded shares of DuPont de Nemours (NYSE:DD) from an equal weight rating to an overweight rating in a research report sent to investors on Friday, Marketbeat Ratings reports. Wells Fargo & Company currently has $103.00 price target on the basic materials company’s stock, up from their prior price target of $80.00.

A number of other equities research analysts have also commented on DD. Barclays upped their price target on DuPont de Nemours from $70.00 to $81.00 and gave the company an equal weight rating in a research report on Thursday, May 2nd. StockNews.com upgraded DuPont de Nemours from a sell rating to a hold rating in a report on Wednesday, February 14th. BMO Capital Markets raised shares of DuPont de Nemours from a market perform rating to an outperform rating and lifted their price objective for the stock from $83.00 to $96.00 in a report on Thursday. Mizuho raised their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a buy rating in a research report on Thursday. Finally, Royal Bank of Canada increased 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $88.50.

DuPont de Nemours Trading Up 2.8 %

DD stock traded up $2.19 during midday trading on Friday, reaching $81.12. The stock had a trading volume of 6,825,618 shares, compared to its average volume of 2,781,162. The business has a fifty day simple moving average of $76.32 and a two-hundred day simple moving average of $72.86. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $81.29. The firm has a market cap of $33.92 billion, a price-to-earnings ratio of 98.92, a PEG ratio of 2.28 and a beta of 1.39. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping 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 company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the business earned $0.84 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts expect that DuPont de Nemours will post 3.64 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s payout ratio is currently 185.37%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the transaction, the insider now directly owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following 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. Insiders sold 22,193 shares of company stock worth $1,726,655 over the last 90 days. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On DuPont de Nemours

A number of institutional investors have recently modified their holdings of DD. Vanguard Group Inc. grew its stake in DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after acquiring an additional 3,168,740 shares during the last quarter. Invesco Ltd. boosted its holdings in DuPont de Nemours by 6.7% in the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after acquiring an additional 639,246 shares during the period. Northern Trust Corp increased its stake in DuPont de Nemours by 2.0% during the 3rd quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company’s stock worth $391,295,000 after buying an additional 104,141 shares during the period. Putnam Investments LLC grew its stake in DuPont de Nemours by 3.2% during the 4th quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock valued at $399,784,000 after purchasing an additional 159,438 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of DuPont de Nemours by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock worth $200,192,000 after buying an additional 101,203 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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.