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

DuPont de Nemours, Inc. (NYSE:DD) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,310,000 shares, an increase of 25.3% from the February 28th total of 3,440,000 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,450,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

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

DuPont de Nemours Stock Performance

Shares of DD opened at $75.27 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours has a 52-week low of $72.38 and a 52-week high of $90.06. The stock has a 50 day moving average price of $78.28 and a 200 day moving average price of $80.63. The company has a market capitalization of $31.47 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last posted 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%. Research analysts predict that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.18%. DuPont de Nemours’s dividend payout ratio is 98.20%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank of Canada decreased 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 report on Monday, February 10th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. UBS Group lifted 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. Finally, BMO Capital Markets upped 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. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $99.17.

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.