DuPont de Nemours (NYSE:DD) Sees Strong Trading Volume – Here’s What Happened

DuPont de Nemours, Inc. (NYSE:DD) shares saw strong trading volume on Tuesday . 7,064,965 shares were traded during mid-day trading, an increase of 131% from the previous session’s volume of 3,054,949 shares.The stock last traded at $36.9580 and had previously closed at $34.69.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BMO Capital Markets reduced their target price on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday. Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. UBS Group boosted their price objective on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Mizuho boosted their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company boosted their price objective on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.92.

DuPont de Nemours Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $77.39 and a 200 day simple moving average of $72.63. The company has a market capitalization of $15.73 billion, a price-to-earnings ratio of -80.06, a P/E/G ratio of 2.49 and a beta of 1.08.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The company had revenue of $3.02 billion during the quarter. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the transaction, the senior vice president directly owned 38,585 shares in the company, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 74,208 shares of company stock worth $5,714,861 in the last three months. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently made changes to their positions in DD. Princeton Global Asset Management LLC boosted its position in shares of DuPont de Nemours by 64.4% during the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after buying an additional 143 shares during the period. Salomon & Ludwin LLC boosted its position in shares of DuPont de Nemours by 186.5% during the third quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock worth $25,000 after buying an additional 207 shares during the period. WPG Advisers LLC acquired a new stake in DuPont de Nemours in the first quarter worth approximately $35,000. Cary Street Partners Investment Advisory LLC lifted its position in DuPont de Nemours by 67.5% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 218 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in DuPont de Nemours in the first quarter worth approximately $40,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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.