DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) SVP Erik Hoover sold 4,203 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $150.82, for a total transaction of $633,896.46. Following the completion of the sale, the senior vice president owned 38,798 shares in the company, valued at approximately $5,851,514.36. This trade represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
DuPont de Nemours Trading Up 1.1%
NYSE DD opened at $156.88 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.36 and a quick ratio of 1.74. The stock has a market capitalization of $20.79 billion, a P/E ratio of 70.35, a PEG ratio of 1.34 and a beta of 1.06. The firm’s 50-day moving average is $134.02 and its two-hundred day moving average is $139.05. DuPont de Nemours, Inc. has a 12 month low of $111.15 and a 12 month high of $157.98.
DuPont de Nemours (NYSE:DD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.22. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.84 billion. DuPont de Nemours had a net margin of 4.26% and a return on equity of 6.85%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current year.
DuPont de Nemours Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 107.62%.
Analysts Set New Price Targets
Several research firms recently weighed in on DD. The Goldman Sachs Group dropped their target price on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Zacks Research cut DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. UBS Group raised their price target on DuPont de Nemours from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Friday, October 30th. Finally, Barclays lifted their price objective on DuPont de Nemours from $156.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.88.
Read Our Latest Stock Analysis on DD
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its holdings in shares of DuPont de Nemours by 140.3% in 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 purchasing an additional 26,238,300 shares in the last quarter. Bank of America Corp DE lifted its holdings in DuPont de Nemours by 22.0% during the 1st 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in DuPont de Nemours by 10.0% during the 1st quarter. Bank of New York Mellon Corp now owns 3,706,596 shares of the basic materials company’s stock worth $169,762,000 after buying an additional 336,780 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DuPont de Nemours by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,509,831 shares of the basic materials company’s stock worth $160,688,000 after acquiring an additional 163,210 shares in the last quarter. Finally, Amundi grew its stake in shares of DuPont de Nemours by 31.3% in the first quarter. Amundi now owns 2,478,630 shares of the basic materials company’s stock worth $113,526,000 after acquiring an additional 591,011 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
About DuPont de Nemours
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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