DuPont de Nemours, Inc. (NYSE:DD) Announces $0.38 Quarterly Dividend

DuPont de Nemours, Inc. (NYSE:DD) announced a quarterly dividend on Wednesday, April 17th, RTT News reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.38 per share by the basic materials company on Monday, June 17th. This represents a $1.52 dividend on an annualized basis and a yield of 2.08%.

DuPont de Nemours has increased its dividend payment by an average of 6.3% per year over the last three years and has increased its dividend every year for the last 3 years. DuPont de Nemours has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect DuPont de Nemours to earn $4.12 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 35.0%.

DuPont de Nemours Trading Up 0.7 %

DD traded up $0.51 during trading on Wednesday, reaching $73.08. 2,181,772 shares of the company’s stock were exchanged, compared to its average volume of 3,120,435. The company’s fifty day moving average price is $72.27 and its 200-day moving average price is $72.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $78.74. The firm has a market capitalization of $30.55 billion, a PE ratio of 78.46, a P/E/G ratio of 2.43 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. As a group, equities analysts forecast that DuPont de Nemours will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on DD. Bank of America cut shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price objective for the company from $78.00 to $80.00 in a research report on Tuesday, January 16th. Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Barclays lowered their price target on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Finally, BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.90.

Insider Buying and Selling 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 value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Institutional Trading of DuPont de Nemours

Several large investors have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its position in DuPont de Nemours by 114,597.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after buying an additional 11,960,552 shares in the last quarter. Vanguard Group Inc. boosted its position in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,547 shares of the basic materials company’s stock valued at $3,696,144,000 after buying an additional 3,168,639 shares in the last quarter. Nuveen Asset Management LLC boosted its position in DuPont de Nemours by 19.6% in the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock valued at $550,413,000 after buying an additional 1,261,028 shares in the last quarter. Norges Bank acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $65,712,000. Finally, Barclays PLC boosted its position in DuPont de Nemours by 162.4% in the second quarter. Barclays PLC now owns 1,293,781 shares of the basic materials company’s stock valued at $92,427,000 after buying an additional 800,685 shares in the last quarter. 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.