DuPont de Nemours (NYSE:DD) Hits New 1-Year Low – What’s Next?

Shares of DuPont de Nemours, Inc. (NYSE:DD) reached a new 52-week low during trading on Thursday . The stock traded as low as $68.55 and last traded at $68.79, with a volume of 765497 shares traded. The stock had previously closed at $75.25.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DD shares. Citigroup raised their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. 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 research 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. Finally, UBS Group upped their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Trading Down 13.0 %

The company has a 50-day moving average price of $77.71 and a two-hundred day moving average price of $80.38. The stock has a market cap of $24.65 billion, a P/E ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate 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, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.78%. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is 98.20%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours during the 4th quarter valued at $26,000. Aster Capital Management DIFC Ltd raised its holdings in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in DuPont de Nemours in the fourth quarter worth about $28,000. Byrne Asset Management LLC bought a new position in DuPont de Nemours during the 4th quarter worth about $29,000. Finally, Vision Financial Markets LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

About DuPont de Nemours

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.