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

DuPont de Nemours, Inc. (NYSE:DD) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,310,000 shares, a growth of 25.3% from the February 28th total of 3,440,000 shares. Based on an average daily volume of 2,450,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.0% of the company’s shares are short sold.

DuPont de Nemours Stock Up 0.4 %

Shares of DuPont de Nemours stock traded up $0.32 during trading hours on Tuesday, hitting $75.00. 2,436,499 shares of the company’s stock traded hands, compared to its average volume of 2,224,994. DuPont de Nemours has a twelve month low of $72.38 and a twelve month high of $90.06. The company has a market cap of $31.36 billion, a PE ratio of 44.91, a PEG ratio of 2.15 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $78.40 and a 200-day simple moving average of $80.71.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.19%. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its position in shares of DuPont de Nemours by 9.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,060 shares of the basic materials company’s stock worth $229,000 after purchasing an additional 263 shares during the last quarter. 111 Capital bought a new position in DuPont de Nemours during the 4th quarter worth approximately $567,000. Wealth Enhancement Advisory Services LLC grew its position in shares of DuPont de Nemours by 12.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 111,354 shares of the basic materials company’s stock worth $8,491,000 after acquiring an additional 12,108 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of DuPont de Nemours by 5.1% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 8,549 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 417 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $10,556,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DD has been the subject of several research reports. Citigroup boosted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, UBS Group raised their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.17.

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.