Traders Buy Large Volume of Call Options on DuPont de Nemours (NYSE:DD)

DuPont de Nemours, Inc. (NYSE:DD) saw some unusual options trading on Friday. Stock traders purchased 9,071 call options on the stock. This is an increase of approximately 119% compared to the typical volume of 4,134 call options.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DD. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley boosted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Barclays raised their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research note on Friday. 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 company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

Hedge Funds Weigh In On DuPont de Nemours

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DD. State Street Corp lifted its stake in DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after purchasing an additional 399,728 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after purchasing an additional 100,198 shares during the last quarter. Franklin Resources Inc. raised its holdings in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after purchasing an additional 25,857 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in DuPont de Nemours by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock valued at $247,501,000 after acquiring an additional 39,189 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.1 %

Shares of NYSE DD traded up $0.84 during trading on Friday, hitting $77.50. The stock had a trading volume of 3,241,385 shares, compared to its average volume of 2,547,447. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The firm has a fifty day moving average of $79.66 and a two-hundred day moving average of $81.40. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a market capitalization of $32.39 billion, a PE ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

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.