UBS Group Issues Positive Forecast for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its target price boosted by UBS Group from $102.00 to $103.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

DD has been the topic of a number of other research reports. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Royal Bank of Canada decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. BMO Capital Markets lifted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Trading Up 0.0 %

NYSE DD opened at $81.85 on Tuesday. DuPont de Nemours has a 12 month low of $68.21 and a 12 month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $77.75 and a 200-day moving average of $81.30. The company has a market cap of $34.22 billion, a PE ratio of 49.01, a PEG ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities research analysts anticipate that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.41 dividend. The ex-dividend date is Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.00%. DuPont de Nemours’s dividend payout ratio is 91.02%.

Institutional Trading of DuPont de Nemours

Several hedge funds and other institutional investors have recently bought and sold shares of DD. Allspring Global Investments Holdings LLC increased its holdings in shares of DuPont de Nemours by 2.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock worth $1,793,000 after purchasing an additional 540 shares during the period. International Assets Investment Management LLC increased its stake in DuPont de Nemours by 4,211.4% during the 3rd quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company’s stock worth $22,363,000 after acquiring an additional 245,143 shares during the period. Allworth Financial LP raised its holdings in DuPont de Nemours by 2.8% in the 3rd quarter. Allworth Financial LP now owns 10,193 shares of the basic materials company’s stock valued at $908,000 after acquiring an additional 282 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in DuPont de Nemours by 31.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,456 shares of the basic materials company’s stock valued at $2,369,000 after acquiring an additional 6,353 shares in the last quarter. Finally, Forsta AP Fonden lifted its position in shares of DuPont de Nemours by 11.5% during the 3rd quarter. Forsta AP Fonden now owns 82,300 shares of the basic materials company’s stock valued at $7,334,000 after acquiring an additional 8,500 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Company Profile

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.