DuPont de Nemours (NYSE:DD) Price Target Lowered to $75.00 at Wells Fargo & Company

DuPont de Nemours (NYSE:DD – Get Rating) had its price objective trimmed by Wells Fargo & Company from $85.00 to $75.00 in a report issued on Wednesday, The Fly reports.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of DuPont de Nemours from $80.00 to $82.00 and gave the company a hold rating in a research note on Thursday, February 9th. Citigroup upped their price objective on shares of DuPont de Nemours from $82.00 to $89.00 and gave the company a buy rating in a research note on Wednesday, February 8th. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $85.00 to $92.00 and gave the stock an outperform rating in a research note on Thursday, February 9th. StockNews.com started coverage on shares of DuPont de Nemours in a research note on Thursday, March 16th. They set a hold rating on the stock. Finally, Morgan Stanley increased their price target on shares of DuPont de Nemours from $72.00 to $79.00 and gave the stock an equal weight rating in a research note on Wednesday, February 8th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $78.43.

Get DuPont de Nemours alerts:

DuPont de Nemours Stock Down 1.0 %

Shares of NYSE:DD opened at $64.40 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.40 and a current ratio of 3.02. The company has a market cap of $29.56 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 2.15 and a beta of 1.41. DuPont de Nemours has a 52 week low of $49.52 and a 52 week high of $78.40. The firm has a 50 day simple moving average of $70.28 and a 200 day simple moving average of $69.57.

DuPont de Nemours (NYSE:DD – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. DuPont de Nemours had a net margin of 44.54% and a return on equity of 6.45%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, research analysts expect that DuPont de Nemours will post 3.71 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be paid a $0.36 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 2.24%. DuPont de Nemours’s payout ratio is presently 12.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DD. Moneta Group Investment Advisors LLC grew its stake in DuPont de Nemours by 114,597.6% in the 4th 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 during the last quarter. Massachusetts Financial Services Co. MA grew its stake in DuPont de Nemours by 6.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 24,319,952 shares of the basic materials company’s stock valued at $1,225,726,000 after buying an additional 1,482,656 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in DuPont de Nemours by 25.3% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,863,691 shares of the basic materials company’s stock valued at $295,530,000 after buying an additional 1,183,622 shares during the last quarter. Canoe Financial LP acquired a new position in DuPont de Nemours in the 1st quarter valued at $70,236,000. Finally, Norges Bank bought a new stake in DuPont de Nemours in the 4th quarter valued at $65,712,000. 71.91% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Company Profile

(Get Rating)

DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Corporate & Others. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.

Featured Articles

• Get a free copy of the StockNews.com research report on DuPont de Nemours (DD)
• Starbucks Stock Becomes a Value Play
• Kraft Heinz Recovery Gains Momentum 
• Here’s Why AMD’s Weak Guidance Is A Blessing In Disguise
• BP Shares Sold Off After Earnings: Here Is What Upset Markets
• Will Forced Divesture Of Grail Boost Illumina Shareholder Value?

Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.