Stock Traders Buy Large Volume of DuPont de Nemours Call Options (NYSE:DD)

DuPont de Nemours, Inc. (NYSE:DD) saw some unusual options trading on Thursday. Investors purchased 5,967 call options on the stock. This is an increase of 56% compared to the average volume of 3,819 call options.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurich Insurance Group Ltd FI purchased a new position in shares of DuPont de Nemours during the second quarter worth about $83,540,000. Renaissance Technologies LLC acquired a new position in DuPont de Nemours during the second quarter worth approximately $67,665,000. Franklin Resources Inc. lifted its stake in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after buying an additional 570,703 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of DuPont de Nemours in the third quarter valued at approximately $42,810,000. Finally, Two Sigma Advisers LP grew its position in shares of DuPont de Nemours by 48.3% during the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after acquiring an additional 461,400 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DD shares. Citigroup reduced their target price on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Morgan Stanley raised their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Barclays lifted their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Trading Up 0.1 %

Shares of NYSE DD traded up $0.07 during midday trading on Thursday, reaching $77.32. 246,854 shares of the stock were exchanged, compared to its average volume of 2,431,925. The stock has a market capitalization of $32.32 billion, a P/E ratio of 40.69, a PEG ratio of 1.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The company has a 50 day simple moving average of $82.46 and a 200 day simple moving average of $81.95. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted 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. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the company earned $0.92 EPS. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts expect that DuPont de Nemours will post 3.89 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. DuPont de Nemours’s payout ratio is 80.00%.

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.