DuPont de Nemours (NYSE:DD) Price Target Lowered to $52.00 at Argus

DuPont de Nemours (NYSE:DD) had its price objective reduced by investment analysts at Argus from $86.00 to $52.00 in a research note issued on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the basic materials company’s stock. Argus’ price objective would indicate a potential upside of 12.86% from the stock’s current price.

Several other research firms have also weighed in on DD. Mizuho upped their price target on DuPont de Nemours from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Wolfe Research lifted their target price on shares of DuPont de Nemours from $44.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, January 16th. UBS Group raised their target price on DuPont de Nemours from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. boosted their target price on DuPont de Nemours from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Royal Bank Of Canada increased their target price on DuPont de Nemours from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.42.

DuPont de Nemours Trading Up 0.9%

Shares of DD stock opened at $46.07 on Thursday. The firm has a market cap of $19.30 billion, a P/E ratio of -25.09, a PEG ratio of 3.55 and a beta of 1.10. DuPont de Nemours has a 1-year low of $22.50 and a 1-year high of $48.03. The firm’s 50-day simple moving average is $42.19 and its 200-day simple moving average is $36.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter last year, the firm earned $1.18 EPS. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts forecast that DuPont de Nemours will post 4.38 EPS for the current year.

DuPont de Nemours announced that its board has authorized a share repurchase plan on Thursday, November 6th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to purchase up to 12.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in DuPont de Nemours by 21.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,119,613 shares of the basic materials company’s stock worth $45,008,000 after acquiring an additional 200,550 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of DuPont de Nemours by 2.8% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 141,430 shares of the basic materials company’s stock valued at $5,700,000 after purchasing an additional 3,820 shares in the last quarter. ProShare Advisors LLC raised its holdings in DuPont de Nemours by 6.3% in the fourth quarter. ProShare Advisors LLC now owns 106,657 shares of the basic materials company’s stock worth $4,288,000 after purchasing an additional 6,279 shares in the last quarter. Tucker Asset Management LLC lifted its position in DuPont de Nemours by 10.7% during the fourth quarter. Tucker Asset Management LLC now owns 4,671 shares of the basic materials company’s stock valued at $188,000 after buying an additional 452 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of DuPont de Nemours by 0.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 123,484 shares of the basic materials company’s stock valued at $4,964,000 after purchasing an additional 412 shares during the last quarter. 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.