DuPont de Nemours (NYSE:DD) Director Sells 89,845 Shares of Stock

DuPont de Nemours, Inc. (NYSE:DD) Director Edward Breen sold 89,845 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $146.41, for a total value of $13,154,206.45. Following the completion of the sale, the director owned 127,276 shares in the company, valued at approximately $18,634,479.16. The trade was a 41.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

DuPont de Nemours Trading Up 5.7%

Shares of NYSE:DD traded up $8.41 on Monday, hitting $154.93. 1,101,344 shares of the company’s stock were exchanged, compared to its average volume of 1,350,165. The stock has a market capitalization of $20.53 billion, a price-to-earnings ratio of 69.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. DuPont de Nemours, Inc. has a 12 month low of $111.15 and a 12 month high of $157.98. 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 business’s 50 day simple moving average is $133.21 and its two-hundred day simple moving average is $138.80.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.22. The firm had revenue of $1.87 billion for 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 in the prior year, the business posted $1.09 earnings per share. Analysts anticipate that DuPont de Nemours, Inc. will post 7.51 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have commented on DD. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Friday, October 30th. Citigroup lifted their price target on shares of DuPont de Nemours from $162.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Wells Fargo & Company boosted their price target on DuPont de Nemours from $166.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Barclays increased their price objective on DuPont de Nemours from $156.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. Twelve analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DD. Intech Investment Management LLC purchased a new stake in shares of DuPont de Nemours in the 3rd quarter worth approximately $8,102,000. AlTi Global Inc. boosted its stake in shares of DuPont de Nemours by 71.9% during the third quarter. AlTi Global Inc. now owns 6,634 shares of the basic materials company’s stock valued at $862,000 after purchasing an additional 2,774 shares in the last quarter. Allworth Financial LP increased its holdings in DuPont de Nemours by 7.8% during the third 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 during the period. Fisher Asset Management LLC increased its holdings in DuPont de Nemours by 12.9% during the third 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 during the period. Finally, Legacy Trust purchased a new position in DuPont de Nemours during the third quarter valued at approximately $4,771,000. 73.96% of the stock is currently owned by institutional investors.

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.