DuPont de Nemours (NYSE:DD) SVP Sells $633,896.46 in Stock

DuPont de Nemours, Inc. (NYSE:DD) SVP Erik Hoover sold 4,203 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $5,851,514.36. This represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

DuPont de Nemours Price Performance

DD stock traded up $8.41 during midday trading on Monday, reaching $154.93. The company had a trading volume of 1,101,344 shares, compared to its average volume of 1,350,165. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.36 and a quick ratio of 1.74. DuPont de Nemours, Inc. has a 1 year low of $111.15 and a 1 year high of $157.98. The company has a market capitalization of $20.53 billion, a P/E ratio of 69.47, a P/E/G ratio of 1.27 and a beta of 1.06. The firm has a 50-day moving average price of $133.21 and a 200-day moving average price of $138.80.

DuPont de Nemours (NYSE:DD) last issued 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Hedge Funds Weigh In On DuPont de Nemours

Large investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new position in DuPont de Nemours in the 3rd quarter worth $8,102,000. AlTi Global Inc. boosted its position in 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 buying an additional 2,774 shares during the period. Allworth Financial LP boosted its position 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 grew its stake in shares of 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 last quarter. Finally, Legacy Trust bought a new position in shares of DuPont de Nemours during the third quarter valued at about $4,771,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DD. Royal Bank Of Canada raised their price target on DuPont de Nemours from $160.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup upped their price objective on DuPont de Nemours from $162.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. UBS Group raised their price objective on DuPont de Nemours from $172.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, November 4th. JPMorgan Chase & Co. cut DuPont de Nemours from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $172.00 to $145.00 in a report on Friday, October 9th. Finally, Wells Fargo & Company boosted their target price on DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.88.

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.