DuPont de Nemours Inc. (NYSE:DD) shares traded -0.39% lower at $69.70 on Wall Street last session.
In accordance with the data, 22 analysts cover DuPont de Nemours Inc. (NYSE:DD). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $91.00 and a low of $70.00, we find $77.50. Given the previous closing price of $69.97, this indicates a potential upside of 10.76 percent. DD stock price is now 14.47% away from the 50-day moving average and 10.43% away from the 200-day moving average. The market capitalization of the company currently stands at $34.07B.
It has been rated a hold by 5 analysts and a buy by 16. Brokers who have rated the stock have averaged $78.83 as their price target over the next twelve months.
With the price target reduced from $92 to $60, Jefferies Downgraded its rating from Buy to Hold for DuPont de Nemours Inc. (NYSE: DD). On February 09, 2022, Mizuho reiterated its ‘Buy’ rating on the stock by increasing its target price from $96 to quote $101, while ‘Deutsche Bank’ rates the stock as ‘Buy’.
In other news, Stone Randy Lee, President, Mobility & Material sold 4,565 shares of the company’s stock on Jan 14. The stock was sold for $388,025 at an average price of $85.00. Upon completion of the transaction, the President, Mobility & Material now directly owns 67,440 shares in the company, valued at $4.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 13, President, Water & Protection Weaver Leland sold 2,183 shares of the business’s stock. A total of $183,372 was realized by selling the stock at an average price of $84.00. This leaves the insider owning 15,096 shares of the company worth $1.05 million. Insiders disposed of 115,155 shares of company stock worth roughly $8.03 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DD stock. A new stake in DuPont de Nemours Inc. shares was purchased by MONDRIAN INVESTMENT PARTNERS LTD during the first quarter worth $69,618,000. WOODLINE PARTNERS LP invested $39,965,000 in shares of DD during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in DuPont de Nemours Inc. valued at approximately $36,975,000. NUANCE INVESTMENTS, LLC acquired a new stake in DD for approximately $34,310,000. FARMER STEVEN PATRICK purchased a new stake in DD valued at around $11,035,000 in the second quarter. In total, there are 1,559 active investors with 75.00% ownership of the company’s stock.
DuPont de Nemours Inc. (NYSE: DD) opened at $69.84 on Wednesday. During the past 12 months, DuPont de Nemours Inc. has had a low of $49.52 and a high of $85.16. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 2.40, and a quick ratio of 2.00. The fifty day moving average price for DD is $61.28 and a two-hundred day moving average price translates $63.08 for the stock.
The latest earnings results from DuPont de Nemours Inc. (NYSE: DD) was released for Jun, 2022. According to the Chemicals Company, earnings per share came in at $1.13, beating analysts’ expectations of $0.95 by 0.18. This compares to $0.27 EPS in the same period last year. The net profit margin was 13.00% and return on equity was 7.20% for DD. The company reported revenue of $3.32 billion for the quarter, compared to $3.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.69 percent. For the current quarter, analysts expect DD to generate $4.2B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 11/30/2022 were paid a $0.33 dividend. On an annualized basis, this represents a $1.32 dividend and a 1.89% percent yield. There was an ex-dividend date of 11/29/2022 for this dividend. In terms of dividend payout ratio, DD is presently at 35.40%.
DuPont de Nemours Inc.(DD) 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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process. This segment also provides semiconductor and advanced packaging materials; dielectric and metallization solutions for chip packaging; and silicones for light emitting diode packaging and semiconductor applications; permanent and process chemistries for the fabrication of printed circuit boards to include laminates and substrates, electroless, and electrolytic metallization solutions, as well as patterning solutions, and materials and metallization processes for metal finishing, decorative, and industrial applications. In addition, it offers various materials to manufacture rigid and flexible displays for organic light emitting diode, and other display applications, as well as provides high performance parts, and specialty silicone elastomers, and lubricants. The Mobility & Materials segment provides engineering resins, silicone encapsulants, pastes, filaments, and advanced films to engineers and designers in the transportation, electronics, renewable energy, industrial, and consumer end-markets. The Water & Protection segment provides engineered products and integrated systems for worker safety, water purification and separation, transportation, energy, medical packaging and building materials. The company was formerly known as DowDuPont Inc. and changed its name to DuPont de Nemours, Inc. in June 2019. DuPont de Nemours, Inc. is headquartered in Wilmington, Delaware.