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

DuPont de Nemours, Inc. (NYSE:DD) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 3,470,000 shares, a decrease of 17.4% from the July 15th total of 4,200,000 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 2,450,000 shares, the short-interest ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DD shares. Citigroup decreased their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. UBS Group increased their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Barclays increased their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Stock Performance

DD opened at $80.18 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 2.21. The firm has a market capitalization of $33.52 billion, a PE ratio of 97.78, a PEG ratio of 2.54 and a beta of 1.34. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $85.12. The business’s 50-day simple moving average is $79.91 and its 200 day simple moving average is $76.13.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. As a group, sell-side analysts expect that DuPont de Nemours will post 3.69 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.90%. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Institutional Investors Weigh In On DuPont de Nemours

Hedge funds have recently added to or reduced their stakes in the company. Northwest Financial Advisors bought a new stake in DuPont de Nemours during the fourth quarter worth $25,000. Palisade Asset Management LLC purchased a new position in shares of DuPont de Nemours in the 1st quarter worth about $25,000. ESL Trust Services LLC bought a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $26,000. LifeSteps Financial Inc. bought a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $28,000. Finally, Denver PWM LLC purchased a new stake in DuPont de Nemours in the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds 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.