DuPont de Nemours Inc. (NYSE: DD) stock fell -2.03% on Friday to $53.15 against a previous-day closing price of $54.25. With 2.39 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.93 million shares. During the session, the Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $54.95 whereas the lowest price it dropped to was $53.11. The 52-week range on DD shows that it touched its highest point at $85.16 and its lowest point at $52.56 during that stretch. It currently has a 1-year price target of $75.88. With its current market cap of 27.19 billion, DD has annualized dividend of $1.32 while the current yield stands at 2.48%. Beta for the stock currently stands at 1.44.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DD was down-trending over the past week, with a drop of -4.77%, but this was down by -8.77% over a month. Three-month performance dropped to -4.94% while six-month performance fell -31.00%. The stock lost -21.08% in the past year, while it has lost -34.20% so far this year. A look at the trailing 12-month EPS for DD yields 2.39 with Next year EPS estimates of 3.85. For the next quarter, that number is 0.81. This implies an EPS growth rate of 197.50% for this year and 14.45% for next year. EPS is expected to grow by 13.73% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -21.20%.
Float and Shares Shorts:
At present, 505.40 million DD shares are outstanding with a float of 492.57 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.77 million, which was 1.33% higher than short shares on Jun 14, 2022. In addition to Mr. Edward D. Breen as the firm’s CEO & Exec. Chairman, Ms. Lori D. Koch serves as its Exec. VP & CFO.
Through their ownership of 74.46% of DD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 39.17% of DD, in contrast to 34.75% held by mutual funds. Shares owned by individuals account for 0.34%. As the largest shareholder in DD with 7.82% of the stake, The Vanguard Group, Inc. holds 39,178,989 shares worth 39,178,989. A second-largest stockholder of DD, BlackRock Fund Advisors, holds 23,879,405 shares, controlling over 4.77% of the firm’s shares. Massachusetts Financial Services is the third largest shareholder in DD, holding 22,837,296 shares or 4.56% stake. With a 2.71% stake in DD, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 13,550,771 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.27% of DD stock, is the second-largest Mutual Fund holder. It holds 11,347,441 shares valued at 631.37 million. MFS Value Fund holds 2.23% of the stake in DD, owning 11,185,242 shares worth 622.35 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DD since 22 analysts follow the stock currently. There are 16 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DD analysts setting a high price target of $94.00 and a low target of $60.00, the average target price over the next 12 months is $76.61. Based on these targets, DD could surge 76.86% to reach the target high and rise by 12.89% to reach the target low. Reaching the average price target will result in a growth of 44.14% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DD will report FY 2022 earnings on 02/02/2023. Analysts have provided yearly estimates in a range of $3.42 being high and $3.29 being low. For DD, this leads to a yearly average estimate of $3.36. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. DuPont de Nemours Inc. surprised analysts by $0.13 when it reported $0.88 EPS against a consensus estimate of $0.75. The surprise factor in the prior quarter was $0.15. Based on analyst estimates, the high estimate for the next quarter is $0.83 and the low estimate is $0.80. The average estimate for the next quarter is thus $0.81.
Summary of Insider Activity:
Insiders traded DD stock several times over the past three months with 15 Buys and 2 Sells. In these transactions, 13,763 shares were bought while 5,500 shares were sold. The number of buy transactions has increased to 62 while that of sell transactions has risen to 49 over the past year. The total number of shares bought during that period was 255,944 while 115,155 shares were sold.