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

DuPont de Nemours, Inc. (NYSE:DD) was the recipient of some unusual options trading on Friday. Stock investors acquired 9,071 call options on the company. This is an increase of approximately 119% compared to the typical daily volume of 4,134 call options.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday. BMO Capital Markets reduced their target price on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. State Street Corp boosted its stake in DuPont de Nemours by 2.4% during the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after purchasing an additional 399,728 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of DuPont de Nemours by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after buying an additional 100,198 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after buying an additional 25,857 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of DuPont de Nemours by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after buying an additional 39,189 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Up 1.1 %

Shares of NYSE:DD opened at $77.50 on Friday. The firm has a market cap of $32.39 billion, a P/E ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The business has a fifty day simple moving average of $79.53 and a 200 day simple moving average of $81.41.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. Analysts predict that DuPont de Nemours will post 3.91 earnings per share for the current year.

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.