DuPont de Nemours (NYSE:DD) Given New $88.00 Price Target at JPMorgan Chase & Co.

DuPont de Nemours (NYSE:DD) had its price objective lifted by JPMorgan Chase & Co. from $85.00 to $88.00 in a report issued on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

A number of other equities research analysts have also recently weighed in on DD. Citigroup lifted their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a neutral rating in a research note on Wednesday, April 10th. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They set a peer perform rating on the stock. StockNews.com upgraded DuPont de Nemours from a sell rating to a hold rating in a research report on Wednesday, February 14th. Mizuho increased their price target on DuPont de Nemours from $76.00 to $83.00 and gave the company a buy rating in a research note on Thursday. Finally, TheStreet downgraded DuPont de Nemours from a b- rating to a c rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours presently has an average rating of Hold and a consensus target price of $80.00.

DuPont de Nemours Stock Performance

DD stock traded down $0.08 during mid-day trading on Thursday, reaching $77.67. The company had a trading volume of 2,391,431 shares, compared to its average volume of 2,373,408. The stock’s 50-day simple moving average is $73.93 and its two-hundred day simple moving average is $72.12. The stock has a market capitalization of $32.47 billion, a P/E ratio of 94.72, a P/E/G ratio of 2.48 and a beta of 1.39. The company has a quick ratio of 1.73, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. DuPont de Nemours has a one year low of $61.14 and a one year high of $79.19.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.65 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. Research analysts anticipate that DuPont de Nemours will post 3.61 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio is 185.37%.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.56% of the stock is currently owned by corporate insiders.

Institutional Trading of DuPont de Nemours

Hedge funds have recently modified their holdings of the business. Lido Advisors LLC raised its position in DuPont de Nemours by 10.4% during the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock valued at $1,270,000 after buying an additional 1,609 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $1,859,000. Premier Path Wealth Partners LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $1,031,000. abrdn plc boosted its holdings in shares of DuPont de Nemours by 30.9% during the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after purchasing an additional 95,505 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in DuPont de Nemours in the 4th quarter valued at approximately $2,000,000. Hedge funds and other 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.