DuPont de Nemours (NYSE:DD) Given New $176.00 Price Target at Royal Bank Of Canada

DuPont de Nemours (NYSE:DD) had its price objective reduced by Royal Bank Of Canada from $180.00 to $176.00 in a research note issued to investors on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the basic materials company’s stock.

Several other research analysts have also issued reports on the company. UBS Group raised their target price on DuPont de Nemours from $175.00 to $178.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup raised their price objective on DuPont de Nemours from $168.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group lifted their price objective on DuPont de Nemours from $53.00 to $159.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Bank of America reduced their target price on DuPont de Nemours from $150.00 to $141.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of DuPont de Nemours from $174.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $165.13.

DuPont de Nemours Trading Down 1.1%

Shares of NYSE DD opened at $142.50 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.11 and a current ratio of 2.43. DuPont de Nemours has a 52-week low of $87.26 and a 52-week high of $157.98. The firm has a 50 day moving average price of $139.70 and a two-hundred day moving average price of $140.55. The stock has a market cap of $19.24 billion, a P/E ratio of 316.70, a price-to-earnings-growth ratio of 1.32 and a beta of 1.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.12. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $1.12 earnings per share. DuPont de Nemours’s revenue was up 4.0% compared to the same quarter last year. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, equities analysts forecast that DuPont de Nemours will post 7.25 EPS for the current year.

DuPont de Nemours Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. DuPont de Nemours’s payout ratio is currently 533.33%.

Institutional Investors Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in shares of DuPont de Nemours by 19.6% during the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock worth $382,000 after buying an additional 822 shares in the last quarter. Empowered Funds LLC grew its position in shares of DuPont de Nemours by 8.9% during the 1st quarter. Empowered Funds LLC now owns 11,550 shares of the basic materials company’s stock worth $863,000 after buying an additional 947 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of DuPont de Nemours in the 2nd quarter valued at $365,000. United Bank increased its stake in shares of DuPont de Nemours by 14.6% in the 2nd quarter. United Bank now owns 18,816 shares of the basic materials company’s stock valued at $1,291,000 after acquiring an additional 2,396 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of DuPont de Nemours by 2.1% during the 2nd quarter. First Trust Advisors LP now owns 200,444 shares of the basic materials company’s stock valued at $13,749,000 after acquiring an additional 4,186 shares during the period. Institutional investors own 73.96% of the company’s stock.

About DuPont de Nemours

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.