DuPont de Nemours (NYSE:DD) Stock: Insider Lori Koch Sells 2,311 Shares

DuPont de Nemours, Inc. (NYSE:DD) CEO Lori Koch sold 2,311 shares of the stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $151.15, for a total value of $349,307.65. Following the completion of the transaction, the chief executive officer directly owned 115,715 shares in the company, valued at approximately $17,490,322.25. This represents a 1.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

DuPont de Nemours Trading Up 1.1%

Shares of NYSE:DD opened at $156.88 on Wednesday. The stock’s 50-day simple moving average is $134.02 and its two-hundred day simple moving average is $139.05. The stock has a market capitalization of $20.79 billion, a price-to-earnings ratio of 70.35, a PEG ratio of 1.34 and a beta of 1.06. DuPont de Nemours, Inc. has a 52-week low of $111.15 and a 52-week high of $157.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.74 and a current ratio of 2.36.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, beating the consensus estimate 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 firm 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 firm earned $1.09 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts expect that DuPont de Nemours, Inc. will post 7.51 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.60 dividend. 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

DD has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $166.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. 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 reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Friday, October 30th. JPMorgan Chase & Co. downgraded shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $172.00 to $145.00 in a research report on Friday, October 9th. Finally, Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Twelve 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. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $165.88.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DD. Private Advisor Group LLC increased its holdings in DuPont de Nemours by 6.8% in the 3rd quarter. Private Advisor Group LLC now owns 31,590 shares of the basic materials company’s stock worth $4,103,000 after acquiring an additional 2,007 shares in the last quarter. Checchi Capital Advisers LLC purchased a new position in DuPont de Nemours during the third quarter valued at approximately $236,000. Composition Wealth LLC boosted its position in shares of DuPont de Nemours by 1.9% in the third quarter. Composition Wealth LLC now owns 5,491 shares of the basic materials company’s stock worth $713,000 after purchasing an additional 104 shares during the period. Trustmark Bank Trust Department bought a new position in shares of DuPont de Nemours in the third quarter worth approximately $1,004,000. Finally, Cibc World Market Inc. boosted its position in shares of DuPont de Nemours by 205.0% in the third quarter. Cibc World Market Inc. now owns 9,606 shares of the basic materials company’s stock worth $1,248,000 after purchasing an additional 6,457 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

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.