DuPont de Nemours (NYSE:DD) SVP Erik Hoover Sells 4,203 Shares of Company Stock

DuPont de Nemours, Inc. (NYSE:DD) SVP Erik Hoover sold 4,203 shares of DuPont de Nemours stock in a transaction on 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 directly owned 38,798 shares of the company’s stock, valued at approximately $5,851,514.36. The trade was a 9.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

DuPont de Nemours Trading Up 5.7%

Shares of NYSE:DD opened at $154.93 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $20.53 billion, a PE ratio of 69.47, a P/E/G ratio of 1.35 and a beta of 1.06. DuPont de Nemours, Inc. has a 1 year low of $111.15 and a 1 year high of $157.98. The firm has a fifty day moving average price of $133.58 and a 200 day moving average price of $138.92.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue 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 fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued 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 is currently 107.62%.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently made changes to their positions in DD. Physician Wealth Advisors Inc. increased its stake in shares of DuPont de Nemours by 223.1% in the third quarter. Physician Wealth Advisors Inc. now owns 210 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 145 shares during the period. Elevation Wealth Partners LLC lifted its position in shares of DuPont de Nemours by 168.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. DHJJ Financial Advisors Ltd. lifted its position in shares of DuPont de Nemours by 150.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 250 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Bangor Savings Bank bought a new stake in DuPont de Nemours during the 3rd quarter valued at approximately $36,000. Finally, Compass Wealth Management LLC bought a new stake in DuPont de Nemours during the 3rd quarter valued at approximately $39,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DD shares. The Goldman Sachs Group cut their price objective on DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 30th. UBS Group increased their price target on DuPont de Nemours from $172.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. Royal Bank Of Canada lifted their price target on shares of DuPont de Nemours from $160.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. JPMorgan Chase & Co. lowered shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $172.00 to $145.00 in a research report on Friday, October 9th. Finally, Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Twelve investment 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. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $165.88.

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.