DuPont Co. (DD) Short Interest Update
DuPont Co. (NYSE:DD) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 10,601,720 shares, a drop of 27.0% from the September 15th total of 14,516,689 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 3,023,363 shares, the short-interest ratio is currently 3.5 days.
Shares of DuPont (NYSE:DD) opened at 68.66 on Tuesday. DuPont has a 1-year low of $50.71 and a 1-year high of $75.72. The firm’s 50 day moving average price is $68.17 and its 200-day moving average price is $66.93. The company has a market capitalization of $60.03 billion, a P/E ratio of 27.31 and a beta of 1.78.
DuPont (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The firm earned $7.10 billion during the quarter, compared to analysts’ expectations of $7.01 billion. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. Analysts expect that DuPont will post $3.19 EPS for the current year.
A number of brokerages recently commented on DD. Barclays PLC raised their price target on DuPont from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Macquarie set a $71.00 price target on DuPont and gave the stock a “neutral” rating in a research note on Thursday, July 21st. TheStreet lowered DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Vetr raised DuPont from a “hold” rating to a “buy” rating and set a $69.68 price target for the company in a research note on Monday, June 27th. Finally, Zacks Investment Research lowered DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $70.73.
In related news, insider James C. Jr. Collins sold 50,316 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $70.30, for a total value of $3,537,214.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Benito Cachinero sold 58,958 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $70.36, for a total value of $4,148,284.88. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.
Large investors have recently modified their holdings of the company. Capital World Investors boosted its stake in shares of DuPont by 8.3% in the second quarter. Capital World Investors now owns 97,323,259 shares of the company’s stock worth $6,306,547,000 after buying an additional 7,484,437 shares during the period. Vanguard Group Inc. boosted its stake in DuPont by 2.7% in the second quarter. Vanguard Group Inc. now owns 55,881,243 shares of the company’s stock worth $3,621,105,000 after buying an additional 1,474,722 shares during the period. State Street Corp boosted its stake in DuPont by 1.1% in the first quarter. State Street Corp now owns 39,212,995 shares of the company’s stock worth $2,482,973,000 after buying an additional 423,988 shares during the period. FMR LLC boosted its stake in DuPont by 18.8% in the second quarter. FMR LLC now owns 25,133,333 shares of the company’s stock worth $1,628,640,000 after buying an additional 3,970,004 shares during the period. Finally, Trian Fund Management L.P. boosted its stake in DuPont by 1.3% in the first quarter. Trian Fund Management L.P. now owns 20,485,262 shares of the company’s stock worth $1,297,127,000 after buying an additional 261,187 shares during the period. Hedge funds and other institutional investors own 70.30% of the company’s stock.
E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company consists of over 10 businesses aggregated into six segments: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. Its products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio-based materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.
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