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

Posted by Defense World Staff on Sep 7th, 2023

DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) saw unusually large options trading on Wednesday. Investors purchased 8,350 put options on the company. This represents an increase of approximately 52% compared to the average daily volume of 5,491 put options.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $80.00 in a report on Monday, May 15th. Citigroup boosted their target price on DuPont de Nemours from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, July 19th. Mizuho upped their price target on DuPont de Nemours from $81.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Barclays upped their price target on DuPont de Nemours from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $73.00 price objective on shares of DuPont de Nemours in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $79.50.

View Our Latest Analysis on DuPont de Nemours

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 7,919 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $77.36, for a total transaction of $612,613.84. Following the completion of the transaction, the insider now owns 13,363 shares in the company, valued at approximately $1,033,761.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Raj Ratnakar sold 50,633 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $77.42, for a total value of $3,920,006.86. Following the sale, the senior vice president now owns 31,720 shares of the company’s stock, valued at approximately $2,455,762.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael G. Goss sold 7,919 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $77.36, for a total value of $612,613.84. Following the completion of the sale, the insider now directly owns 13,363 shares in the company, valued at approximately $1,033,761.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,390 shares of company stock worth $5,713,502. 0.50% of the stock is owned by company insiders.

Institutional Trading of DuPont de Nemours

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its holdings in shares of DuPont de Nemours by 0.5% in the 2nd quarter. State Street Corp now owns 18,536,772 shares of the basic materials company’s stock valued at $1,324,267,000 after acquiring an additional 95,396 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in DuPont de Nemours by 98,126.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,744,718 shares of the basic materials company’s stock worth $1,196,243,000 after purchasing an additional 16,727,671 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in DuPont de Nemours by 114,597.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after purchasing an additional 11,960,552 shares during the period. Geode Capital Management LLC grew its holdings in DuPont de Nemours by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 10,135,636 shares of the basic materials company’s stock worth $694,339,000 after purchasing an additional 30,132 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings 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 acquiring an additional 1,261,028 shares during the period. Institutional investors and hedge funds own 76.25% of the company’s stock.

DuPont de Nemours Stock Up 0.8 %

NYSE DD opened at $75.98 on Thursday. The firm has a market cap of $34.88 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.40. DuPont de Nemours has a one year low of $49.52 and a one year high of $78.74. The stock’s 50 day simple moving average is $74.76 and its 200 day simple moving average is $71.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.98 and a quick ratio of 2.35.

DuPont de Nemours (NYSE:DD – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.03 billion. DuPont de Nemours had a return on equity of 6.11% and a net margin of 37.09%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. As a group, sell-side analysts forecast that DuPont de Nemours will post 3.45 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, July 31st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, July 28th. DuPont de Nemours’s payout ratio is presently 14.85%.

About DuPont de Nemours

(Get Free Report)

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.

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