DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) CEO Lori Koch sold 261 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $48.82, for a total transaction of $12,742.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
DuPont de Nemours Stock Down 1.3%
DuPont de Nemours stock opened at $48.05 on Thursday. The company has a market capitalization of $19.46 billion, a P/E ratio of -800.68, a P/E/G ratio of 0.46 and a beta of 1.03. The firm’s fifty day simple moving average is $47.30 and its 200-day simple moving average is $45.00. The company has a current ratio of 2.68, a quick ratio of 2.11 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 1-year low of $27.45 and a 1-year high of $52.66.
DuPont de Nemours shares are going to reverse split on Wednesday, June 24th. The 1-3 reverse split was announced on Tuesday, May 26th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, June 23rd.
DuPont de Nemours Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. DuPont de Nemours’s dividend payout ratio (DPR) is currently -1,333.33%.
Hedge Funds Weigh In On DuPont de Nemours
A number of institutional investors and hedge funds have recently bought and sold shares of DD. Auto Owners Insurance Co increased its position in DuPont de Nemours by 4,275.8% during the fourth quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company’s stock worth $70,561,000 after acquiring an additional 17,151,278 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in DuPont de Nemours by 12,133.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,614,878 shares of the basic materials company’s stock worth $365,921,000 after acquiring an additional 9,536,283 shares during the period. Invesco Ltd. increased its position in DuPont de Nemours by 64.4% during the fourth quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company’s stock worth $583,487,000 after acquiring an additional 5,686,490 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in DuPont de Nemours by 242.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,491,426 shares of the basic materials company’s stock worth $301,155,000 after acquiring an additional 5,303,219 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in DuPont de Nemours during the fourth quarter worth $130,394,000. Institutional investors own 73.96% of the company’s stock.
Analysts Set New Price Targets
DD has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price target on shares of DuPont de Nemours from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Jefferies Financial Group lifted their price target on shares of DuPont de Nemours from $51.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. KeyCorp lifted their price target on shares of DuPont de Nemours from $51.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings raised shares of DuPont de Nemours from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.21.
Check Out Our Latest Report on DuPont de Nemours
DuPont de Nemours Company Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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