In yesterday’s Wall Street session, DuPont de Nemours Inc. (NYSE:DD) shares traded at $69.79, down -2.49% from the previous session.
As of this writing, 23 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 $88.00 and a low of $70.00, we find $78.00. Given the previous closing price of $71.57, this indicates a potential upside of 8.98 percent. DD stock price is now 2.62% away from the 50-day moving average and 3.68% away from the 200-day moving average. The market capitalization of the company currently stands at $31.50B.
There are 9 analysts who have given it a hold rating, whereas 14 have given it a buy rating. Brokers who have rated the stock have averaged $78.07 as their price target over the next twelve months.
With the price target of $72, Citigroup recently initiated with Neutral rating for DuPont de Nemours Inc. (NYSE: DD).
In other news, Goss Michael G., Controller sold 2,374 shares of the company’s stock on May 15. The stock was sold for $155,402 at an average price of $65.46. Upon completion of the transaction, the Controller now directly owns 13,345 shares in the company, valued at $0.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Director JOHNSON KRISTINA M sold 450 shares of the business’s stock. A total of $33,548 was realized by selling the stock at an average price of $74.55. This leaves the insider owning 3,115 shares of the company worth $0.22 million. Insiders disposed of 141,493 shares of company stock worth roughly $9.87 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 EMPOWER ADVISORY GROUP, LLC during the first quarter worth $86,538,000. CANOE FINANCIAL LP invested $68,298,000 in shares of DD during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in DuPont de Nemours Inc. valued at approximately $34,671,000. HRT FINANCIAL LP acquired a new stake in DD for approximately $30,757,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in DD valued at around $18,889,000 in the second quarter. In total, there are 1,620 active investors with 75.00% ownership of the company’s stock.
Wednesday morning saw DuPont de Nemours Inc. (NYSE: DD) opened at $70.78. During the past 12 months, DuPont de Nemours Inc. has had a low of $49.52 and a high of $78.40. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 3.30, and a quick ratio of 2.60. According to the stock market information, the enterprise value for the company is $36.02B, which is based on a 32.09 price-to-earnings ratio, a 2.71 price-to-earnings-growth ratio, and a beta of 1.41. The fifty day moving average price for DD is $68.01 and a two-hundred day moving average price translates $67.38 for the stock.
The latest earnings results from DuPont de Nemours Inc. (NYSE: DD) was released for Mar, 2023. According to the Specialty Chemicals Company, earnings per share came in at $1.13, beating analysts’ expectations of $0.95 by 0.18. This compares to $0.53 EPS in the same period last year. The net profit margin was 44.20% and return on equity was 21.70% for DD. The company reported revenue of $3.02 billion for the quarter, compared to $3.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.82 percent. For the current quarter, analysts expect DD to generate $4.2B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 07/31/2023 were paid a $0.36 dividend. On an annualized basis, this represents a $1.44 dividend and a 2.06% percent yield. There was an ex-dividend date of 07/28/2023 for this dividend. In terms of dividend payout ratio, DD is presently at 11.50%.
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 Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits addressing various steps 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, and 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 to automotive, aerospace, electronics, industrial, and healthcare 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 Corporate & Other segment offers auto adhesives and fluids; Multibase; and Tedlar products. The company was formerly known as DowDuPont Inc. and changed its name to DuPont de Nemours, Inc. in June 2019. DuPont de Nemours, Inc. was incorporated in 2015 and is headquartered in Wilmington, Delaware.
