DuPont de Nemours, Inc. (NYSE:DD) Short Interest Update

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,210,000 shares, a growth of 37.5% from the January 31st total of 3,790,000 shares. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.3% of the company's shares are sold short.

DuPont de Nemours Stock Down 0.7 %

Shares of DD traded down $0.55 during mid-day trading on Friday, hitting $78.21. 2,160,239 shares of the company's stock were exchanged, compared to its average volume of 2,104,867. The stock's 50-day moving average is $78.12 and its 200-day moving average is $81.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours has a fifty-two week low of $70.82 and a fifty-two week high of $90.06. The company has a market cap of $32.70 billion, a price-to-earnings ratio of 46.83, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, sell-side analysts anticipate that DuPont de Nemours will post 4.38 earnings per share for the current fiscal year.

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DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.10%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours's payout ratio is presently 98.20%.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds have recently bought and sold shares of DD. Norges Bank acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $146,605,000. Marshall Wace LLP increased its position in shares of DuPont de Nemours by 228.8% in the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock valued at $112,219,000 after purchasing an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of DuPont de Nemours by 337.5% in 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 in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of 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 valued at $80,707,000 after purchasing an additional 859,333 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of 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 worth $86,971,000 after purchasing an additional 756,604 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DD. StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. JPMorgan Chase & Co. cut their target price on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their price target 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. Royal Bank of Canada cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Barclays upgraded shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.