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

DuPont de Nemours, Inc. (NYSE:DD) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,440,000 shares, a drop of 34.0% from the February 13th total of 5,210,000 shares. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is currently 1.5 days. Approximately 0.8% of the company’s stock are short sold.

DuPont de Nemours Price Performance

NYSE:DD traded up $0.71 on Monday, reaching $77.80. The stock had a trading volume of 2,068,277 shares, compared to its average volume of 2,086,165. The company has a market capitalization of $32.52 billion, a P/E ratio of 46.58, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours has a 1-year low of $72.38 and a 1-year high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $78.19 and a 200-day moving average price of $81.11.

DuPont de Nemours (NYSE:DD) last announced 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%. Research analysts forecast that DuPont de Nemours will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.11%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s payout ratio is 98.20%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DD. Citigroup lifted their target price 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. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. UBS Group lifted their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. BMO Capital Markets lifted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

Institutional Investors Weigh In On DuPont de Nemours

Several large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake 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 valued at $8,491,000 after purchasing an additional 12,108 shares in the last quarter. NorthCrest Asset Manangement LLC increased its stake in 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 purchasing an additional 417 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $10,556,000. Old North State Trust LLC increased its position in shares of DuPont de Nemours by 9.3% during the fourth quarter. Old North State Trust LLC now owns 4,790 shares of the basic materials company’s stock worth $365,000 after acquiring an additional 406 shares in the last quarter. Finally, Siemens Fonds Invest GmbH increased its position in shares of DuPont de Nemours by 70.6% during the fourth quarter. Siemens Fonds Invest GmbH now owns 9,155 shares of the basic materials company’s stock worth $698,000 after acquiring an additional 3,789 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

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.