DuPont de Nemours (NYSE:DD) Raised to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of DuPont de Nemours (NYSE:DD) from a market perform rating to an outperform rating in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has $96.00 price target on the basic materials company’s stock, up from their previous price target of $83.00.

A number of other equities analysts have also recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an equal weight rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an overweight rating in a research note on Thursday, May 2nd. StockNews.com upgraded shares of DuPont de Nemours from a sell rating to a hold rating in a research note on Wednesday, February 14th. Barclays increased their price objective on shares of DuPont de Nemours from $70.00 to $81.00 and gave the company an equal weight rating in a research note on Thursday, May 2nd. Finally, Wolfe Research began coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a peer perform rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of Hold and an average target price of $88.50.

DuPont de Nemours Price Performance

NYSE DD opened at $81.12 on Thursday. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $76.32 and a 200 day simple moving average of $72.89. The company has a market cap of $33.92 billion, a P/E ratio of 98.93, a P/E/G ratio of 2.28 and a beta of 1.39. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $81.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the firm earned $0.84 EPS. DuPont de Nemours’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that DuPont de Nemours will post 3.64 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s payout ratio is presently 185.37%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the transaction, the insider now directly owns 24,476 shares in the company, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,193 shares of company stock worth $1,726,655. 0.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DD. Private Advisor Group LLC boosted its stake in shares of DuPont de Nemours by 3.7% in the 3rd quarter. Private Advisor Group LLC now owns 60,212 shares of the basic materials company’s stock valued at $4,491,000 after purchasing an additional 2,161 shares during the last quarter. Larson Financial Group LLC boosted its stake in DuPont de Nemours by 313.2% during the 3rd quarter. Larson Financial Group LLC now owns 905 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 686 shares during the last quarter. Corient Private Wealth LLC boosted its stake in DuPont de Nemours by 0.3% during the 3rd quarter. Corient Private Wealth LLC now owns 265,473 shares of the basic materials company’s stock worth $19,802,000 after acquiring an additional 724 shares during the last quarter. Signaturefd LLC boosted its stake in DuPont de Nemours by 8.6% during the 3rd quarter. Signaturefd LLC now owns 6,533 shares of the basic materials company’s stock worth $487,000 after acquiring an additional 519 shares during the last quarter. Finally, Syon Capital LLC bought a new position in DuPont de Nemours during the 3rd quarter worth approximately $562,000. Institutional investors own 73.96% of the company’s stock.

About DuPont de Nemours

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.