DuPont de Nemours (NYSE:DD) CEO Sells $349,307.65 in Stock

DuPont de Nemours, Inc. (NYSE:DD) CEO Lori Koch sold 2,311 shares of the firm’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $151.15, for a total transaction of $349,307.65. Following the transaction, the chief executive officer directly owned 115,715 shares of the company’s stock, valued at $17,490,322.25. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

DuPont de Nemours Stock Performance

NYSE:DD opened at $155.53 on Thursday. The company has a market cap of $20.61 billion, a price-to-earnings 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. The stock’s 50 day simple moving average is $134.49 and its two-hundred day simple moving average is $139.16. 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 (NYSE:DD) last posted its earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.22. DuPont de Nemours had a net margin of 4.26% and a return on equity of 6.85%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $1.09 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, equities 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 declared 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 dividend on an annualized basis and a yield of 1.5%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 107.62%.

Wall Street Analyst Weigh In

DD has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of DuPont de Nemours from $162.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. UBS Group lifted their target price on DuPont de Nemours from $172.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Royal Bank Of Canada lifted their price objective on shares of DuPont de Nemours from $160.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Barclays raised their target price 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. Finally, Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.88.

Institutional Trading of DuPont de Nemours

Institutional investors have recently modified their holdings of the company. Physician Wealth Advisors Inc. increased its position in DuPont de Nemours by 223.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 210 shares of the basic materials company’s stock valued at $27,000 after buying an additional 145 shares in the last quarter. Elevation Wealth Partners LLC raised its position in shares of DuPont de Nemours by 168.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. DHJJ Financial Advisors Ltd. increased its stake in 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 valued at $32,000 after purchasing an additional 150 shares in the last quarter. Bangor Savings Bank acquired a new stake in shares of DuPont de Nemours during the third quarter worth $36,000. Finally, Compass Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the third quarter valued at $39,000. 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.