DuPont de Nemours, Inc. (NYSE:DD) Sees Large Decrease in Short Interest

DuPont de Nemours, Inc. (NYSE:DD) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 3,600,000 shares, a decline of 5.5% from the November 15th total of 3,810,000 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 1,920,000 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Ratings Changes

Several equities analysts have issued reports on DD shares. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley boosted their target price on 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Stock Up 0.1 %

Shares of DuPont de Nemours stock opened at $80.13 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. The business has a fifty day simple moving average of $83.50 and a 200 day simple moving average of $82.10. The stock has a market cap of $33.49 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts predict that DuPont de Nemours will post 3.89 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.38 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.90%. DuPont de Nemours’s payout ratio is 80.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DD. Parsons Capital Management Inc. RI grew its stake in DuPont de Nemours by 19.6% in the second quarter. Parsons Capital Management Inc. RI now owns 3,822 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 626 shares during the period. Continuum Advisory LLC grew its stake in DuPont de Nemours by 16.7% in the second quarter. Continuum Advisory LLC now owns 1,185 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 170 shares during the period. Aaron Wealth Advisors LLC grew its stake in DuPont de Nemours by 3.7% in the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 137 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in DuPont de Nemours in the second quarter valued at about $682,000. Finally, Iowa State Bank grew its stake in DuPont de Nemours by 4.2% in the second quarter. Iowa State Bank now owns 33,571 shares of the basic materials company’s stock valued at $2,702,000 after acquiring an additional 1,354 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

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.