DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) CEO Lori Koch sold 2,311 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $151.15, for a total transaction of $349,307.65. Following the transaction, the chief executive officer owned 115,715 shares of the company’s stock, valued at approximately $17,490,322.25. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
DuPont de Nemours Stock Performance
NYSE DD opened at $154.93 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.36 and a quick ratio of 1.82. The firm has a market capitalization of $20.53 billion, a price-to-earnings ratio of 69.47, a P/E/G ratio of 1.35 and a beta of 1.06. The company’s fifty day moving average is $133.58 and its two-hundred day moving average is $138.92. DuPont de Nemours, Inc. has a 52-week low of $111.15 and a 52-week high of $157.98.
DuPont de Nemours (NYSE:DD – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.22. DuPont de Nemours had a net margin of 4.26% and a return on equity of 6.85%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts forecast that DuPont de Nemours, Inc. will post 7.51 EPS for the current year.
DuPont de Nemours Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.5%. DuPont de Nemours’s payout ratio is currently 107.62%.
Institutional Investors Weigh In On DuPont de Nemours
Several large investors have recently modified their holdings of DD. Intech Investment Management LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter worth approximately $8,102,000. AlTi Global Inc. boosted its stake in DuPont de Nemours by 71.9% in the 3rd quarter. AlTi Global Inc. now owns 6,634 shares of the basic materials company’s stock valued at $862,000 after buying an additional 2,774 shares in the last quarter. Allworth Financial LP boosted its stake in DuPont de Nemours by 7.8% in the 3rd quarter. Allworth Financial LP now owns 6,275 shares of the basic materials company’s stock valued at $851,000 after buying an additional 455 shares in the last quarter. Fisher Asset Management LLC boosted its stake in DuPont de Nemours by 12.9% in the 3rd quarter. Fisher Asset Management LLC now owns 3,305 shares of the basic materials company’s stock valued at $429,000 after buying an additional 378 shares in the last quarter. Finally, Legacy Trust bought a new stake in DuPont de Nemours in the third quarter valued at $4,771,000. 73.96% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on DD shares. Barclays raised their target price on DuPont de Nemours from $156.00 to $176.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a report on Friday, October 30th. JPMorgan Chase & Co. cut shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $172.00 to $145.00 in a research note on Friday, October 9th. Zacks Research downgraded shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, The Goldman Sachs Group decreased their target price on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $165.88.
View Our Latest Analysis on DD
DuPont de Nemours Company Profile
DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation.
The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.
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