DuPont de Nemours Target of Unusually High Options Trading (NYSE:DD)

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

DuPont de Nemours Stock Performance

Shares of DD stock opened at $77.24 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $82.30 and a 200-day simple moving average of $81.92. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $90.06. The stock has a market cap of $32.28 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that DuPont de Nemours will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors 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 annualized dividend and a dividend yield of 1.97%. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Institutional Trading of DuPont de Nemours

Several hedge funds have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours during the second quarter worth $27,000. Denver PWM LLC purchased a new stake in DuPont de Nemours during the second quarter worth approximately $28,000. Quarry LP purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at $37,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours in the 3rd quarter valued at about $38,000. Finally, FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours during the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DD has been the subject of several analyst reports. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their target price 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. Finally, Barclays lifted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

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.