UBS Group Boosts DuPont de Nemours (NYSE:DD) Price Target to $98.00

DuPont de Nemours (NYSE:DD) had its target price boosted by UBS Group from $93.00 to $98.00 in a research report report published on Wednesday morning, Benzinga reports. UBS Group currently has a buy rating on the basic materials company’s stock.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an overweight rating in a research note on Thursday, May 2nd. BMO Capital Markets raised DuPont de Nemours from a market perform rating to an outperform rating and lifted their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. TheStreet downgraded DuPont de Nemours from a b- rating to a c rating in a research note on Tuesday, February 6th. Royal Bank of Canada raised their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Finally, Barclays upped their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an equal weight rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of Moderate Buy and an average target price of $91.09.

DuPont de Nemours Stock Performance

NYSE DD opened at $82.16 on Wednesday. The stock has a market capitalization of $34.35 billion, a price-to-earnings ratio of 100.20, a PEG ratio of 2.54 and a beta of 1.39. The stock has a 50-day moving average of $77.04 and a 200 day moving average of $73.32. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $82.63.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that DuPont de Nemours will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s payout ratio is 185.37%.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. Insiders sold 22,193 shares of company stock worth $1,726,655 in the last three months. 0.56% of the stock is owned by company insiders.

Institutional Trading of DuPont de Nemours

A number of large investors have recently made changes to their positions in DD. Lido Advisors LLC increased its position in shares of DuPont de Nemours by 10.4% in the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock valued at $1,270,000 after purchasing an additional 1,609 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in DuPont de Nemours during the 4th quarter worth about $1,859,000. Premier Path Wealth Partners LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth about $1,031,000. abrdn plc raised its position in shares of DuPont de Nemours by 30.9% during the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after acquiring an additional 95,505 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in DuPont de Nemours during the fourth quarter worth approximately $797,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

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.