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

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DD. JPMorgan Chase & Co. dropped their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada lowered their price target 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. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Citigroup increased their price target 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. Finally, Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

Institutional Trading of DuPont de Nemours

A number of institutional investors and hedge funds have recently bought and sold shares of DD. Choreo LLC lifted its stake in shares of DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after acquiring an additional 8,205 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after buying an additional 4,939 shares during the period. Grandfield & Dodd LLC lifted its holdings in DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after acquiring an additional 3,155 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after buying an additional 91,108 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after purchasing an additional 21,435 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DD traded up $0.39 during trading on Wednesday, hitting $75.27. The stock had a trading volume of 1,860,245 shares, compared to its average volume of 2,228,258. DuPont de Nemours has a twelve month low of $72.38 and a twelve month high of $90.06. The firm has a market capitalization of $31.47 billion, a P/E ratio of 45.07, a PEG ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The company’s 50-day moving average price is $78.28 and its 200 day moving average price is $80.63.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results 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%. On average, equities research analysts forecast that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is 98.20%.

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.