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

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

Wall Street Analysts Forecast Growth

DD has been the subject of several research reports. BMO Capital Markets raised their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada cut 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 note on Monday, February 10th. UBS Group upped their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Trading Up 2.4 %

NYSE:DD traded up $1.88 on Wednesday, reaching $79.57. 2,163,350 shares of the stock traded hands, compared to its average volume of 2,108,718. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours has a 1-year low of $68.81 and a 1-year high of $90.06. The company’s 50 day moving average is $78.05 and its 200-day moving average is $81.33. The firm has a market capitalization of $33.26 billion, a price-to-earnings ratio of 47.65, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts anticipate that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd grew its holdings in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of DuPont de Nemours in the 4th quarter worth about $28,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $29,000. Finally, Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours during the fourth quarter valued at about $31,000. 73.96% of the stock is owned by institutional investors.

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.