DuPont de Nemours (NYSE:DD) Given New $170.00 Price Target at Wells Fargo & Company

DuPont de Nemours (NYSE:DD) had its price target boosted by Wells Fargo & Company from $166.00 to $170.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Several other research firms have also recently issued reports on DD. JPMorgan Chase & Co. cut shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $172.00 to $145.00 in a research report on Friday, October 9th. Citigroup upped their price target on shares of DuPont de Nemours from $162.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price target on shares of DuPont de Nemours from $156.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group cut their price target on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 30th. Finally, Royal Bank Of Canada decreased their price target on shares of DuPont de Nemours from $176.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.88.

DuPont de Nemours Stock Performance

NYSE DD opened at $144.77 on Thursday. The business’s 50-day moving average price is $133.07 and its 200 day moving average price is $138.70. The company has a current ratio of 2.36, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. DuPont de Nemours has a twelve month low of $111.15 and a twelve month high of $157.98. The company has a market capitalization of $19.55 billion, a PE ratio of 64.92, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.87 by $0.22. DuPont de Nemours had a return on equity of 6.85% and a net margin of 4.26%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. On average, research analysts predict that DuPont de Nemours will post 7.49 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. DuPont de Nemours’s dividend payout ratio is presently 107.62%.

Hedge Funds Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of 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 worth $6,095,909,000 after acquiring an additional 26,238,300 shares in the last quarter. KBC Group NV raised its holdings in shares of DuPont de Nemours by 435.8% in the first quarter. KBC Group NV now owns 1,687,376 shares of the basic materials company’s stock valued at $77,281,000 after buying an additional 1,372,435 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of DuPont de Nemours by 7,762.1% in the third quarter. TD Waterhouse Canada Inc. now owns 949,117 shares of the basic materials company’s stock valued at $123,281,000 after buying an additional 937,045 shares during the last quarter. Bank of America Corp DE lifted its position in DuPont de Nemours by 22.0% during the 1st quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company’s stock worth $212,039,000 after buying an additional 835,572 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in DuPont de Nemours during the 1st quarter worth about $34,727,000. Institutional investors own 73.96% of the company’s stock.

Trending Headlines about DuPont de Nemours

Here are the key news stories impacting DuPont de Nemours this week:

• Positive Sentiment: Several firms raised their price targets while maintaining bullish ratings: RBC lifted its target to $173 and kept an Outperform rating; Wells Fargo raised its target to $170 with an Overweight rating; UBS raised its target to $182 with a Buy rating; and Citi and Barclays each set targets of $176 with Buy or Overweight ratings. RBC price target article Wells Fargo price target article
• Positive Sentiment: DuPont’s latest reported quarter beat earnings and revenue expectations, with EPS of $2.09 versus the $1.87 consensus and revenue of $1.87 billion versus $1.84 billion expected. A report also noted the shares gapped up following the results. Shares gap up following earnings article
• Neutral Sentiment: A headline highlighted a new peptide-purification product, but the provided information does not detail its expected commercial impact. Peptide purification product article

DuPont de Nemours Company Profile

DuPont de Nemours, Inc is a diversified science and technology company that develops engineered materials and specialty products for industrial and consumer markets. Its offerings are used in applications including electronics, semiconductor manufacturing, water purification, transportation, construction, healthcare, and worker and consumer protection.

The company’s product portfolio has historically included high-performance films, resins, adhesives, engineered polymers, specialty fibers, protective materials, water-treatment membranes, and filtration technologies.