Following The Money: Institution’s Growing Stake In DuPont de Nemours Inc (NYSE: DD)

DuPont de Nemours Inc (DD) concluded trading on Thursday at a closing price of $89.19, with 3.0 million shares of worth about $267.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.59% during that period and on September 26, 2024 the price saw a gain of about 3.78%. Currently the company’s common shares owned by public are about 430.11M shares, out of which, 416.48M shares are available for trading.

Stock saw a price change of 7.23% in past 5 days and over the past one month there was a price change of 8.12%. Year-to-date (YTD), DD shares are showing a performance of 15.94% which increased to 22.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $61.14 but also hit the highest price of $87.28 during that period. The average intraday trading volume for DuPont de Nemours Inc shares is 1.99 million. The stock is currently trading 8.32% above its 20-day simple moving average (SMA20), while that difference is up 10.21% for SMA50 and it goes to 16.80% higher than SMA200.

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DuPont de Nemours Inc (NYSE: DD) currently have 430.11M outstanding shares and institutions hold larger chunk of about 72.08% of that.

The stock has a current market capitalization of $37.24B and its 3Y-monthly beta is at 1.32. PE ratio of stock for trailing 12 months is 58.59, while it has posted earnings per share of $1.52 in the same period. Its PEG reads 5.40 and has Quick Ratio of 1.44 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DD, volatility over the week remained 2.22% while standing at 1.86% over the month.

Stock’s fiscal year EPS is expected to rise by 8.41% while it is estimated to increase by 16.55% in next year. EPS is likely to grow at an annualized rate of 10.85% for next 5-years, compared to annual growth of -28.34% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on May 28, 2024 offering a Buy rating for the stock and assigned a target price range of between $85 and $95 to it. Coverage by Wells Fargo stated DuPont de Nemours Inc (DD) stock as an Overweight in their note to investors on May 24, 2024, suggesting a price target of $103 for the stock. On May 23, 2024, BMO Capital Markets Upgrade their recommendations, while on May 17, 2024, Jefferies Upgrade their ratings for the stock with a price target of $101. Stock get a Peer perform rating from Wolfe Research on March 01, 2024.

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