DuPont de Nemours (NYSE:DD) Price Target Raised to $46.00

DuPont de Nemours (NYSE:DD) had its target price upped by Mizuho from $44.00 to $46.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the basic materials company’s stock.

A number of other equities research analysts have also recently commented on the stock. UBS Group increased their price target on shares of DuPont de Nemours to $44.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. BMO Capital Markets lowered their price objective on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. cut their target price on DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday, December 15th. Finally, Morgan Stanley lowered their price target on DuPont de Nemours from $80.00 to $44.00 in a report on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $43.69.

DuPont de Nemours Price Performance

DD opened at $41.27 on Thursday. The stock has a 50-day moving average price of $37.80 and a 200-day moving average price of $33.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63. The firm has a market cap of $17.29 billion, a PE ratio of -22.43, a P/E/G ratio of 2.37 and a beta of 1.10. DuPont de Nemours has a 1 year low of $22.50 and a 1 year high of $41.83.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 EPS for the quarter. The company had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. Sell-side analysts predict that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. DuPont de Nemours’s dividend payout ratio is -43.48%.

DuPont de Nemours announced that its Board of Directors has approved a stock buyback plan on Thursday, November 6th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other DuPont de Nemours news, CEO Lori Koch sold 9,011 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.46, for a total transaction of $355,574.06. Following the sale, the chief executive officer directly owned 288,326 shares of the company’s stock, valued at $11,377,343.96. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Erik T. Hoover sold 6,005 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.79, for a total value of $238,938.95. Following the completion of the transaction, the senior vice president owned 112,101 shares in the company, valued at $4,460,498.79. The trade was a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.61% of the stock is currently owned by insiders.

Institutional Trading of DuPont de Nemours

Institutional investors have recently made changes to their positions in the business. Princeton Global Asset Management LLC boosted its stake in DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 143 shares during the period. Salomon & Ludwin LLC boosted its position in shares of DuPont de Nemours by 186.5% during the third quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 207 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours during the third quarter worth $26,000. Financial Life Planners purchased a new position in DuPont de Nemours during the third quarter valued at $27,000. Finally, Imprint Wealth LLC bought a new stake in DuPont de Nemours in the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Company Profile

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.