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

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

Analyst Ratings Changes

A number of equities analysts recently commented on DD shares. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their target price 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 Wednesday, January 15th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded up $2.25 on Friday, reaching $77.16. The company’s stock had a trading volume of 3,614,366 shares, compared to its average volume of 2,107,529. The stock’s 50-day moving average is $78.19 and its two-hundred day moving average is $81.13. DuPont de Nemours has a 52-week low of $72.38 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a market capitalization of $32.25 billion, a P/E ratio of 46.20, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that DuPont de Nemours will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ purchased a new position in DuPont de Nemours during the fourth quarter worth about $10,556,000. Old North State Trust LLC raised its holdings in 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 purchasing an additional 406 shares in the last quarter. Siemens Fonds Invest GmbH raised its holdings in 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 purchasing an additional 3,789 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in DuPont de Nemours in the fourth quarter valued at about $15,060,000. Finally, Azzad Asset Management Inc. ADV increased its holdings in DuPont de Nemours by 2.8% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 35,981 shares of the basic materials company’s stock valued at $2,744,000 after buying an additional 966 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other 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.