DuPont de Nemours (NYSE:DD) Hits New 12-Month High – Should You Buy?

DuPont de Nemours, Inc. (NYSE:DD)’s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $159.48 and last traded at $158.08, with a volume of 74,843 shares changing hands. The stock had previously closed at $156.88.

Analyst Ratings Changes

Several research firms have commented on DD. The Goldman Sachs Group decreased their target price on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Zacks Research cut DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Wells Fargo & Company increased their price objective on DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Citigroup increased their price objective on DuPont de Nemours from $162.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Finally, Barclays raised their target price on DuPont de Nemours from $156.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. 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. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $165.88.

DuPont de Nemours Stock Up 0.5%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.36 and a quick ratio of 1.74. The firm has a market capitalization of $20.90 billion, a P/E ratio of 70.69, a PEG ratio of 1.34 and a beta of 1.06. The firm’s fifty day moving average price is $134.02 and its 200-day moving average price is $139.05.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.87 by $0.22. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.84 billion. DuPont de Nemours had a return on equity of 6.85% and a net margin of 4.26%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 1.5%. DuPont de Nemours’s dividend payout ratio (DPR) is 107.62%.

Insider Transactions at DuPont de Nemours

In other news, CEO Lori Koch sold 2,311 shares of the company’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $151.15, for a total value of $349,307.65. Following the completion of the sale, the chief executive officer owned 115,715 shares in the company, valued at $17,490,322.25. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Erik Hoover sold 4,203 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $150.82, for a total value of $633,896.46. Following the completion of the sale, the senior vice president owned 38,798 shares of the company’s stock, valued at approximately $5,851,514.36. This trade represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 96,359 shares of company stock valued at $14,137,411. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of DuPont de Nemours

A number of large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in DuPont de Nemours by 1.4% in the third quarter. Parallel Advisors LLC now owns 6,340 shares of the basic materials company’s stock worth $823,000 after buying an additional 87 shares during the last quarter. Center for Financial Planning Inc. grew its holdings in shares of DuPont de Nemours by 19.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 607 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 100 shares during the last quarter. Composition Wealth LLC raised its position in shares of DuPont de Nemours by 1.9% during the third quarter. Composition Wealth LLC now owns 5,491 shares of the basic materials company’s stock worth $713,000 after purchasing an additional 104 shares during the period. Brandywine Oak Private Wealth LLC raised its position in shares of DuPont de Nemours by 0.9% during the third quarter. Brandywine Oak Private Wealth LLC now owns 12,301 shares of the basic materials company’s stock worth $1,598,000 after purchasing an additional 111 shares during the period. Finally, Americana Partners LLC raised its position in shares of DuPont de Nemours by 0.4% during the third quarter. Americana Partners LLC now owns 24,855 shares of the basic materials company’s stock worth $3,228,000 after purchasing an additional 111 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Company Profile

DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation. The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.