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 business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $150.82, for a total transaction of $633,896.46. Following the completion of the transaction, the senior vice president owned 38,798 shares in the company, valued at $5,851,514.36. This represents a 9.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DuPont de Nemours Stock Performance

NYSE:DD opened at $155.53 on Thursday. 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 firm has a 50-day moving average of $134.49 and a two-hundred day moving average of $139.16. The stock has a market cap of $20.61 billion, a P/E ratio of 69.74, a PEG ratio of 1.36 and a beta of 1.06. DuPont de Nemours, Inc. has a 1-year low of $111.15 and a 1-year high of $159.48.

DuPont de Nemours (NYSE:DD) last announced 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 during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm earned $1.09 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. On average, research analysts expect that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a dividend of $0.60 per share. 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 currently 107.62%.

Analyst Ratings Changes

A number of equities analysts have issued reports on DD shares. JPMorgan Chase & Co. lowered DuPont de Nemours from an “overweight” rating to a “neutral” rating and cut their target price for the company from $172.00 to $145.00 in a research report on Friday, October 9th. Barclays raised their price target on shares of DuPont de Nemours from $156.00 to $176.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Wells Fargo & Company lifted their price target 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. Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group cut their price target on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.88.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in DuPont de Nemours during the 3rd quarter worth approximately $2,826,000. Beta Wealth Group Inc. increased its holdings in shares of DuPont de Nemours by 87.2% in the 3rd quarter. Beta Wealth Group Inc. now owns 5,035 shares of the basic materials company’s stock valued at $654,000 after acquiring an additional 2,346 shares during the last quarter. Private Wealth Asset Management LLC increased its holdings in shares of DuPont de Nemours by 516.0% in the 3rd quarter. Private Wealth Asset Management LLC now owns 2,421 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 2,028 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of 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 valued at $4,103,000 after acquiring an additional 2,007 shares during the last quarter. Finally, Checchi Capital Advisers LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $236,000. 73.96% of the stock is 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.