Brokerages Set DuPont de Nemours, Inc. (NYSE:DD) PT at $43.69

DuPont de Nemours, Inc. (NYSE:DD) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $43.6865.

Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. Zacks Research cut shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Wells Fargo & Company reduced their price objective on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, November 7th. KeyCorp decreased their target price on DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, BMO Capital Markets dropped their price target on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, November 3rd.

Insider Activity

In related news, SVP Erik T. Hoover sold 6,005 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.79, for a total value of $238,938.95. Following the transaction, the senior vice president directly owned 112,101 shares in the company, valued at approximately $4,460,498.79. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lori Koch sold 9,011 shares of DuPont de Nemours stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.46, for a total transaction of $355,574.06. Following the completion of the sale, the chief executive officer owned 288,326 shares of the company’s stock, valued at $11,377,343.96. This trade represents a 3.03% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DD. Blue Trust Inc. lifted its position in DuPont de Nemours by 1.1% during the third quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock worth $934,000 after purchasing an additional 127 shares during the period. Pacifica Partners Inc. raised its position in shares of DuPont de Nemours by 27.0% in the 3rd quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock valued at $47,000 after buying an additional 128 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of DuPont de Nemours by 3.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock worth $318,000 after acquiring an additional 134 shares during the period. Sagespring Wealth Partners LLC lifted its holdings in shares of DuPont de Nemours by 3.9% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock worth $256,000 after acquiring an additional 140 shares during the period. Finally, Princeton Global Asset Management LLC boosted its position in shares of DuPont de Nemours by 64.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

NYSE:DD opened at $40.86 on Thursday. DuPont de Nemours has a 12-month low of $22.50 and a 12-month high of $41.85. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of -22.21, a P/E/G ratio of 2.37 and a beta of 1.09. The stock’s 50 day moving average price is $38.79 and its two-hundred day moving average price is $33.89. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Monday, July 11th. The basic materials company reported $0.29 earnings per share for the quarter. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.The business had revenue of $3.02 billion for the quarter. On average, analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a dividend of $0.20 per share. The ex-dividend date was Friday, November 28th. This represents a $0.80 annualized dividend and a yield of 2.0%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.48%.

DuPont de Nemours announced that its board has authorized a share buyback program on Thursday, November 6th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the basic materials company to reacquire up to 12.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

DuPont de Nemours Company Profile

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.