DuPont de Nemours, Inc. (DD) – What Are Brokerages Saying About This Stock?

Shares of DuPont de Nemours, Inc. (NYSE:DD) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $165.88.

Several equities research analysts have issued reports on DD shares. Citigroup boosted their price objective on shares of DuPont de Nemours from $162.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Royal Bank Of Canada increased their price target on DuPont de Nemours from $160.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. JPMorgan Chase & Co. downgraded DuPont de Nemours from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $172.00 to $145.00 in a report on Friday, October 9th. Barclays raised their price objective on DuPont de Nemours from $156.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Finally, Wells Fargo & Company boosted their price objective on DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Erik Hoover sold 4,203 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $150.82, for a total value of $633,896.46. Following the transaction, the senior vice president directly owned 38,798 shares of the company’s stock, valued at $5,851,514.36. This represents a 9.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward D. Breen sold 89,845 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $146.41, for a total transaction of $13,154,206.45. Following the transaction, the director owned 127,276 shares in the company, valued at $18,634,479.16. This trade represents a 41.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 96,359 shares of company stock worth $14,137,411. 0.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DuPont de Nemours

Large investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP bought a new stake in DuPont de Nemours during the third quarter worth approximately $1,728,000. Jump Financial LLC boosted its stake in DuPont de Nemours by 50.6% during the 3rd quarter. Jump Financial LLC now owns 79,071 shares of the basic materials company’s stock valued at $10,271,000 after purchasing an additional 26,568 shares in the last quarter. Haverford Trust Co bought a new position in DuPont de Nemours during the 3rd quarter valued at $4,546,000. FORA Capital LLC boosted its stake in DuPont de Nemours by 1,005.5% during the 3rd quarter. FORA Capital LLC now owns 76,432 shares of the basic materials company’s stock valued at $9,933,000 after purchasing an additional 69,518 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of DuPont de Nemours by 198.9% during the 3rd quarter. Marshall Wace LLP now owns 609,428 shares of the basic materials company’s stock valued at $79,159,000 after purchasing an additional 405,512 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 0.8%

Shares of DuPont de Nemours stock traded down $1.22 during mid-day trading on Friday, hitting $153.48. 1,114,688 shares of the stock were exchanged, compared to its average volume of 1,179,576. The company has a 50-day simple moving average of $135.37 and a 200 day simple moving average of $139.37. The company has a current ratio of 2.36, a quick ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 68.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.06. DuPont de Nemours has a twelve month low of $111.15 and a twelve month high of $159.48.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.87 by $0.22. DuPont de Nemours had a return on equity of 6.85% and a net margin of 4.26%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. Research analysts forecast that DuPont de Nemours will post 7.51 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 annualized dividend and a yield of 1.6%. DuPont de Nemours’s payout ratio is 107.62%.

DuPont de Nemours Company Profile

DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation. The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.