DuPont de Nemours (NYSE:DD) Price Target Cut to $81.00 by Analysts at Wells Fargo & Company

DuPont de Nemours (NYSE:DD) had its price objective cut by Wells Fargo & Company from $105.00 to $81.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

A number of other research firms have also issued reports on DD. UBS Group increased their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research report on Friday, January 17th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.33.

DuPont de Nemours Price Performance

Shares of NYSE DD traded down $5.87 during trading on Wednesday, hitting $56.09. The company had a trading volume of 2,443,276 shares, compared to its average volume of 2,881,025. DuPont de Nemours has a 52 week low of $53.77 and a 52 week high of $90.06. The business’s 50-day moving average is $75.88 and its 200 day moving average is $79.51. The company has a market cap of $23.47 billion, a P/E ratio of 33.58, a PEG ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts predict that DuPont de Nemours will post 4.38 earnings per share 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. Stockholders of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.92%. DuPont de Nemours’s payout ratio is presently 98.20%.

Institutional Trading of DuPont de Nemours

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of DuPont de Nemours by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock valued at $3,552,961,000 after buying an additional 353,010 shares during the period. Geode Capital Management LLC lifted its position in shares of DuPont de Nemours by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after acquiring an additional 100,198 shares during the period. Franklin Resources Inc. grew its holdings in shares of DuPont de Nemours by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after purchasing an additional 483,722 shares in the last quarter. Northern Trust Corp increased its position in shares of DuPont de Nemours by 16.3% during the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock valued at $376,051,000 after purchasing an additional 690,218 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of DuPont de Nemours by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company’s stock valued at $260,276,000 after purchasing an additional 336,000 shares in the last quarter. Institutional investors 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.