Insider Selling: DuPont de Nemours (NYSE:DD) Director Sells $13,154,206.45 in Stock

DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) Director Edward Breen sold 89,845 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $146.41, for a total value of $13,154,206.45. Following the sale, the director owned 127,276 shares of the company’s stock, valued at approximately $18,634,479.16. This trade represents a 41.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

DuPont de Nemours Stock Performance

DD stock traded up $8.41 during trading on Monday, reaching $154.93. The stock had a trading volume of 1,101,344 shares, compared to its average volume of 1,350,165. The firm has a market cap of $20.53 billion, a PE ratio of 69.47, a PEG ratio of 1.27 and a beta of 1.06. The company has a current ratio of 2.36, a quick ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $133.21 and its two-hundred day moving average is $138.80. 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 released its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.22. DuPont de Nemours had a return on equity of 6.85% and a net margin of 4.26%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company posted $1.09 EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 30th. DuPont de Nemours’s dividend payout ratio is currently 107.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of DuPont de Nemours by 140.3% during the second quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock valued at $6,095,909,000 after buying an additional 26,238,300 shares during the period. KBC Group NV grew its stake in shares of DuPont de Nemours by 435.8% during the first quarter. KBC Group NV now owns 1,687,376 shares of the basic materials company’s stock valued at $77,281,000 after buying an additional 1,372,435 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of DuPont de Nemours by 7,762.1% during the third quarter. TD Waterhouse Canada Inc. now owns 949,117 shares of the basic materials company’s stock valued at $123,281,000 after buying an additional 937,045 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of DuPont de Nemours by 22.0% in the first quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company’s stock worth $212,039,000 after buying an additional 835,572 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of DuPont de Nemours in the first quarter worth approximately $34,727,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DD has been the topic of several analyst reports. Citigroup lifted their price target on shares of DuPont de Nemours from $162.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Friday, October 30th. Zacks Research cut DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. The Goldman Sachs Group decreased their target price on DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Finally, UBS Group lifted their target price on DuPont de Nemours from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.88.

Get Our Latest Stock Analysis on DD

DuPont de Nemours Company Profile

(Get Free Report)

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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