DuPont de Nemours Sees Unusually Large Options Volume (NYSE:DD)

DuPont de Nemours, Inc. (NYSE:DD) was the recipient of unusually large options trading on Friday. Investors acquired 9,071 call options on the company. This represents an increase of approximately 119% compared to the average volume of 4,134 call options.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DD shares. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday. BMO Capital Markets dropped their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company upped their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $98.00.

DuPont de Nemours Trading Up 1.1 %

Shares of DD stock opened at $77.50 on Friday. The stock has a market capitalization of $32.39 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06. The company’s fifty day simple moving average is $79.53 and its two-hundred day simple moving average is $81.41. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the business posted $0.92 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that DuPont de Nemours will post 3.91 earnings per share for the current year.

Institutional Investors Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours during the second quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours during the third quarter valued at about $38,000. FSA Wealth Management LLC purchased a new stake in DuPont de Nemours during the third quarter valued at about $39,000. Quarry LP purchased a new stake in DuPont de Nemours during the second quarter valued at about $37,000. Finally, True Wealth Design LLC raised its position in DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

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.