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

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 3,440,000 shares, a decline of 34.0% from the February 13th total of 5,210,000 shares. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DD. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Wolfe Research upgraded shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Citigroup boosted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, UBS Group boosted their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $99.17.

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DuPont de Nemours Stock Up 0.2 %

DD traded up $0.14 during trading on Wednesday, hitting $77.26. The company had a trading volume of 396,552 shares, compared to its average volume of 2,086,210. The company has a market cap of $32.30 billion, a PE ratio of 46.22, a P/E/G ratio of 2.15 and a beta of 1.29. The business has a 50-day moving average of $78.29 and a 200-day moving average of $81.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours has a 1-year low of $72.38 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, analysts forecast that DuPont de Nemours will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.12%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours's dividend payout ratio is 98.20%.

Institutional Trading of DuPont de Nemours

A number of institutional investors and hedge funds have recently modified their holdings of the business. 111 Capital bought a new position in DuPont de Nemours in the 4th quarter valued at about $567,000. Wealth Enhancement Advisory Services LLC grew its position in 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 valued at $8,491,000 after buying an additional 12,108 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in 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 buying an additional 417 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in DuPont de Nemours in the 4th quarter valued at about $10,556,000. Finally, Old North State Trust LLC grew its position in DuPont de Nemours by 9.3% in the 4th quarter. Old North State Trust LLC now owns 4,790 shares of the basic materials company's stock valued at $365,000 after buying an additional 406 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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.