DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) CEO Lori Koch sold 261 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $48.82, for a total value of $12,742.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
DuPont de Nemours Trading Down 0.6%
DuPont de Nemours stock opened at $47.66 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.11 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $47.34 and its two-hundred day simple moving average is $45.06. DuPont de Nemours, Inc. has a 12 month low of $27.45 and a 12 month high of $52.66. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of -794.23, a price-to-earnings-growth ratio of 0.46 and a beta of 1.03.
Shares of DuPont de Nemours are going to reverse split on Wednesday, June 24th. The 1-3 reverse split was announced on Tuesday, May 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, June 23rd.
DuPont de Nemours Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 15th. DuPont de Nemours’s payout ratio is -1,333.33%.
Institutional Trading of DuPont de Nemours
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours in the third quarter worth about $26,000. Financial Life Planners purchased a new stake in DuPont de Nemours in the third quarter worth about $27,000. Imprint Wealth LLC purchased a new stake in DuPont de Nemours in the third quarter worth about $27,000. Miller Global Investments LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $28,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Bank of America dropped their target price on DuPont de Nemours from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings raised DuPont de Nemours from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company upped their price target on DuPont de Nemours from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Citigroup lowered their price target on DuPont de Nemours from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Finally, Zacks Research downgraded DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Twelve equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.21.
Read Our Latest Research Report on DuPont de Nemours
DuPont de Nemours Company Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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