DuPont de Nemours, Inc. (DD) to Distribute Quarterly Dividend of $0.38 on June 17th

DuPont de Nemours, Inc. (NYSE:DD) declared 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 annualized dividend and a yield of 2.07%.

DuPont de Nemours has increased its dividend by an average of 6.3% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. DuPont de Nemours has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 0.6 %

Shares of NYSE DD opened at $73.53 on Friday. The firm’s 50-day moving average price is $72.53 and its 200-day moving average price is $72.13. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $78.74. The stock has a market capitalization of $30.74 billion, a price-to-earnings ratio of 79.07, a P/E/G ratio of 2.42 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that DuPont de Nemours will post 3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DD. Mizuho decreased their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Barclays cut 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 report on Monday, February 12th. JPMorgan Chase & Co. raised their price target on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Wolfe Research initiated coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.90.

Insider Activity

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 transaction, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On DuPont de Nemours

Large investors have recently made changes to their positions in the business. FIL Ltd grew its stake in shares of DuPont de Nemours by 88.6% during the fourth quarter. FIL Ltd now owns 146,254 shares of the basic materials company’s stock worth $11,251,000 after acquiring an additional 68,687 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in DuPont de Nemours in the 4th quarter worth approximately $352,000. Sanibel Captiva Trust Company Inc. purchased a new stake in DuPont de Nemours during the 4th quarter worth approximately $2,947,000. Harbour Investments Inc. increased its stake in DuPont de Nemours by 8.7% during the 4th quarter. Harbour Investments Inc. now owns 3,600 shares of the basic materials company’s stock valued at $277,000 after purchasing an additional 287 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of DuPont de Nemours by 3.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 56,867 shares of the basic materials company’s stock worth $4,375,000 after buying an additional 2,000 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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.