DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 5,800,000 shares, a drop of 12.5% from the December 15th total of 6,630,000 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,890,000 shares, the days-to-cover ratio is currently 2.0 days.
DuPont de Nemours Price Performance
DuPont de Nemours stock traded down $1.81 during midday trading on Tuesday, reaching $73.72. The company’s stock had a trading volume of 4,367,253 shares, compared to its average volume of 2,592,023. DuPont de Nemours has a 52 week low of $62.80 and a 52 week high of $78.74. The company has a current ratio of 2.15, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $73.10 and a 200-day moving average price of $73.88. The stock has a market cap of $31.70 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.34.
DuPont de Nemours (NYSE:DD – Get Free Report) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.08. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.15 billion. DuPont de Nemours had a return on equity of 6.18% and a net margin of 37.49%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 earnings per share. On average, sell-side analysts predict that DuPont de Nemours will post 3.46 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on DD shares. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. Royal Bank of Canada dropped their price target on DuPont de Nemours from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Citigroup dropped their price target on DuPont de Nemours from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Wednesday, October 4th. Barclays dropped their price target on DuPont de Nemours from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Finally, TheStreet raised DuPont de Nemours from a “c+” rating to a “b-” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Hold” and an average price target of $78.89.
Institutional Trading of DuPont de Nemours
Several hedge funds and other institutional investors have recently made changes to their positions in DD. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in DuPont de Nemours by 98,126.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,744,718 shares of the basic materials company’s stock valued at $1,196,243,000 after acquiring an additional 16,727,671 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in DuPont de Nemours by 114,597.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after buying an additional 11,960,552 shares during the period. Holocene Advisors LP acquired a new position in DuPont de Nemours in the second quarter valued at approximately $172,134,000. Bank of Montreal Can acquired a new position in DuPont de Nemours in the second quarter valued at approximately $104,976,000. Finally, Nuveen Asset Management LLC raised its position in shares of DuPont de Nemours by 19.6% during the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after purchasing an additional 1,261,028 shares during the period. 76.25% of the stock is currently owned by institutional investors.
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 addressing various steps of the manufacturing process.