Stock Traders Purchase Large Volume of DuPont de Nemours Call Options (NYSE:DD)

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) saw unusually large options trading activity on Thursday. Stock investors acquired 5,967 call options on the stock. This represents an increase of 56% compared to the average volume of 3,819 call options.

Hedge Funds Weigh In On DuPont de Nemours

Several large investors have recently modified their holdings of DD. Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $27,000. Denver PWM LLC bought a new stake in DuPont de Nemours in the 2nd quarter valued at about $28,000. Quarry LP acquired a new position in DuPont de Nemours during the 2nd quarter valued at about $37,000. Ashton Thomas Securities LLC bought a new position in DuPont de Nemours in the 3rd quarter worth about $38,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of DuPont de Nemours in the third quarter valued at approximately $39,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Down 0.0 %

Shares of DD stock traded down $0.01 on Thursday, hitting $77.24. The stock had a trading volume of 973,545 shares, compared to its average volume of 2,434,889. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $90.06. The firm has a market capitalization of $32.28 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 1.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock's 50 day moving average is $82.30 and its 200-day moving average is $81.92.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. As a group, research analysts expect that DuPont de Nemours will post 3.89 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, November 29th. DuPont de Nemours's payout ratio is currently 80.00%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DD shares. Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Morgan Stanley boosted their price objective on shares of 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. StockNews.com raised shares of DuPont de Nemours from a "hold" rating to a "buy" rating in a report on Tuesday. Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, Citigroup reduced their target price on DuPont de Nemours from $98.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus price target of $95.25.

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.