The Goldman Sachs Group Cuts DuPont de Nemours (NYSE:DD) Price Target to $153.00

DuPont de Nemours (NYSE:DD) had its price objective cut by The Goldman Sachs Group from $159.00 to $153.00 in a report issued on Wednesday morning. They currently have a neutral rating on the basic materials company’s stock.

DD has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, August 3rd. Citigroup raised their target price on shares of DuPont de Nemours from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Royal Bank Of Canada decreased their target price on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. UBS Group upped their target price on DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.20.

DuPont de Nemours Stock Performance

DD stock opened at $130.06 on Wednesday. The stock’s 50 day simple moving average is $135.40 and its 200 day simple moving average is $138.45. DuPont de Nemours has a 12-month low of $92.49 and a 12-month high of $157.98. The firm has a market cap of $17.56 billion, a P/E ratio of 289.08, a P/E/G ratio of 1.18 and a beta of 1.05. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.12. DuPont de Nemours had a net margin of 0.67% and a return on equity of 6.92%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. As a group, equities research analysts predict that DuPont de Nemours will post 7.27 EPS for the current year.

Institutional Trading of DuPont de Nemours

Hedge funds have recently bought and sold shares of the company. Hickory Point Bank & Trust bought a new stake in shares of DuPont de Nemours during the third quarter valued at approximately $207,000. Coastline Trust Co bought a new position in DuPont de Nemours in the 3rd quarter worth approximately $44,000. State Street Corp increased its position in DuPont de Nemours by 140.3% in the 2nd quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock valued at $6,095,909,000 after acquiring an additional 26,238,300 shares during the period. Core Capital Management & Research inc. acquired a new stake in DuPont de Nemours in the 2nd quarter valued at approximately $299,000. Finally, National Pension Service raised its stake in DuPont de Nemours by 11.6% during the 2nd quarter. National Pension Service now owns 29,133 shares of the basic materials company’s stock valued at $3,952,000 after acquiring an additional 3,022 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

About DuPont de Nemours

DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.

DuPont’s portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.