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

DuPont de Nemours, Inc. (NYSE:DD) was the target of some unusual options trading on Friday. Stock investors bought 9,071 call options on the stock. This represents an increase of 119% compared to the average volume of 4,134 call options.

Analysts Set New Price Targets

DD has been the topic of several research analyst reports. Royal Bank of Canada increased 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. JPMorgan Chase & Co. reduced their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Citigroup cut their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Finally, Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

Institutional Trading of DuPont de Nemours

Several institutional investors and hedge funds have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the 2nd quarter worth $27,000. Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours during the third quarter valued at $38,000. FSA Wealth Management LLC purchased a new stake in DuPont de Nemours in the third quarter worth about $39,000. Quarry LP bought a new position in DuPont de Nemours during the 2nd quarter worth about $37,000. Finally, True Wealth Design LLC increased its position in DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.1 %

Shares of DuPont de Nemours stock traded up $0.84 on Friday, reaching $77.50. The company had a trading volume of 3,241,385 shares, compared to its average volume of 2,547,447. The firm has a market cap of $32.39 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The firm’s 50-day moving average price is $79.66 and its two-hundred day moving average price is $81.40. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, research analysts predict that DuPont de Nemours will post 3.91 earnings per share for the current fiscal 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.