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

DuPont de Nemours, Inc. (NYSE:DD) saw 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 days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Investors Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of DuPont de Nemours by 9.4% in the 1st 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 stake in DuPont de Nemours during the fourth quarter worth approximately $567,000. Wealth Enhancement Advisory Services LLC grew its position in DuPont de Nemours by 12.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 111,354 shares of the basic materials company’s stock worth $8,491,000 after buying an additional 12,108 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of DuPont de Nemours by 5.1% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 8,549 shares of the basic materials company’s stock valued at $652,000 after buying an additional 417 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at $10,556,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded up $0.32 on Tuesday, hitting $75.00. The company had a trading volume of 2,436,499 shares, compared to its average volume of 2,224,994. DuPont de Nemours has a 52 week low of $72.38 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. 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 business 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 results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) 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%. Research analysts expect that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date 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 payout ratio is 98.20%.

Analyst Ratings Changes

DD has been the topic of several recent research reports. Royal Bank of Canada cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company cut their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Citigroup upped their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Company Profile

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.