DuPont de Nemours (NYSE:DD) Hits New 12-Month High at $79.43

DuPont de Nemours, Inc. (NYSE:DD) hit a new 52-week high during trading on Tuesday . The stock traded as high as $79.43 and last traded at $79.32, with a volume of 349696 shares. The stock had previously closed at $78.53.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Mizuho lifted their target price on shares of DuPont de Nemours from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Wolfe Research assumed coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, BMO Capital Markets downgraded shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. 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 a consensus rating of “Hold” and an average target price of $80.00.

DuPont de Nemours Trading Up 1.0 %

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 market cap of $33.15 billion, a P/E ratio of 96.46, a PEG ratio of 2.26 and a beta of 1.39. The stock’s 50 day moving average is $74.10 and its 200-day moving average is $72.12.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Insider Buying and Selling

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

Institutional Trading of DuPont de Nemours

A number of large investors have recently made changes to their positions in DD. Lido Advisors LLC boosted its position in DuPont de Nemours by 10.4% in 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 last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $1,859,000. Premier Path Wealth Partners LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $1,031,000. abrdn plc lifted its position in shares of DuPont de Nemours by 30.9% during the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after buying an additional 95,505 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in DuPont de Nemours in the 4th quarter valued at $2,000,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

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.