Investors Purchase High Volume of Call Options on DuPont de Nemours (NYSE:DD)

DuPont de Nemours, Inc. (NYSE:DD) saw unusually large options trading activity on Thursday. Stock investors bought 7,260 call options on the company. This is an increase of 14% compared to the average volume of 6,363 call options.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. Insiders have sold 22,193 shares of company stock valued at $1,726,655 over the last ninety days. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On DuPont de Nemours

Large investors have recently bought and sold shares of the company. Northwest Financial Advisors purchased a new position in DuPont de Nemours during the 4th quarter worth $25,000. Palisade Asset Management LLC purchased a new position in DuPont de Nemours during the 1st quarter worth $25,000. ESL Trust Services LLC purchased a new position in DuPont de Nemours during the 1st quarter worth $26,000. LifeSteps Financial Inc. purchased a new position in DuPont de Nemours during the 1st quarter worth $28,000. Finally, Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 2.8 %

Shares of NYSE:DD opened at $81.11 on Friday. The stock has a market cap of $33.91 billion, a P/E ratio of 98.92, a P/E/G ratio of 2.26 and a beta of 1.39. The firm has a fifty day moving average price of $76.32 and a 200 day moving average price of $72.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $81.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. DuPont de Nemours’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. Sell-side analysts predict that DuPont de Nemours will post 3.64 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. DuPont de Nemours’s payout ratio is currently 185.37%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DD. Mizuho upped their target price on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup upped their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and upped their target price for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.50.

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.