DuPont de Nemours (NYSE:DD) Given New $88.00 Price Target at JPMorgan Chase & Co.

DuPont de Nemours (NYSE:DD) had its target price raised by JPMorgan Chase & Co. from $85.00 to $88.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Several other research firms have also issued reports on DD. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They issued a peer perform rating on the stock. Bank of America lowered shares of DuPont de Nemours from a buy rating to an underperform rating and lifted their price target for the stock from $78.00 to $80.00 in a research report on Tuesday, January 16th. Mizuho lifted their price target on shares of DuPont de Nemours from $76.00 to $83.00 and gave the stock a buy rating in a research report on Thursday. Barclays lifted their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an equal weight rating in a research report on Thursday. Finally, TheStreet lowered shares of DuPont de Nemours from a b- rating to a c rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of Hold and a consensus price target of $80.00.

DuPont de Nemours Price Performance

NYSE:DD traded down $0.08 during midday trading on Thursday, hitting $77.67. 2,391,431 shares of the stock were exchanged, compared to its average volume of 2,373,408. DuPont de Nemours has a one year low of $61.14 and a one year high of $79.19. The company has a market capitalization of $32.47 billion, a price-to-earnings ratio of 94.77, a P/E/G ratio of 2.48 and a beta of 1.39. The business has a 50-day moving average price of $73.93 and a two-hundred day moving average price of $72.12. The company has a current ratio of 2.33, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS 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 firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts predict that DuPont de Nemours will post 3.59 EPS for the current year.

DuPont de Nemours Announces Dividend

The business 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 yield of 1.96%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s payout ratio is presently 185.37%.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds and other institutional investors have recently made changes to their positions in DD. Vanguard Group Inc. raised its stake in shares of DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after acquiring an additional 3,168,740 shares in the last quarter. Norges Bank acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $111,980,000. Invesco Ltd. raised its position in shares of DuPont de Nemours by 6.7% in the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after purchasing an additional 639,246 shares during the period. Great Lakes Advisors LLC lifted its stake in shares of DuPont de Nemours by 156.6% in the fourth quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock worth $56,772,000 after buying an additional 450,422 shares during the last quarter. Finally, Nuance Investments LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter worth $24,785,000. 73.96% of the stock is 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.