DuPont de Nemours (NYSE:DD) Given New $105.00 Price Target at Wells Fargo & Company

DuPont de Nemours (NYSE:DD) had its price target lowered by Wells Fargo & Company from $107.00 to $105.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

DD has been the subject of several other research reports. Morgan Stanley raised their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. Citigroup dropped their target price on shares of DuPont de Nemours from $92.00 to $88.00 in a research note on Monday. Finally, StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $97.25.

DuPont de Nemours Stock Up 0.4 %

Shares of DD opened at $81.78 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The firm has a market cap of $34.18 billion, a P/E ratio of 43.04, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. The firm’s 50-day simple moving average is $77.53 and its 200 day simple moving average is $81.09. DuPont de Nemours has a 52 week low of $66.10 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. On average, analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DD. Norges Bank bought a new stake in DuPont de Nemours during the fourth quarter valued at about $146,605,000. Prudential Financial Inc. raised its stake in DuPont de Nemours by 337.5% during the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after purchasing an additional 986,366 shares during the period. Assenagon Asset Management S.A. boosted its stake in DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after purchasing an additional 859,333 shares during the period. Schroder Investment Management Group grew its holdings in DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after buying an additional 756,604 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of DuPont de Nemours in the fourth quarter worth $50,063,000. 73.96% of the stock is owned by 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.