Insider Selling: DuPont de Nemours, Inc. (NYSE:DD) Insider Sells 18,500 Shares of Stock

DuPont de Nemours, Inc. (NYSE:DD) insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

DuPont de Nemours Stock Performance

NYSE DD traded up $0.76 during trading hours on Tuesday, hitting $79.29. 1,887,977 shares of the stock were exchanged, compared to its average volume of 3,013,517. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $33.15 billion, a price-to-earnings ratio of 96.46, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $79.63. The stock has a 50-day moving average of $74.10 and a 200 day moving average of $72.12.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business posted $0.84 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analysts Set New Price Targets

Several brokerages recently weighed in on DD. Citigroup raised their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Barclays raised their price target on DuPont de Nemours from $70.00 to $81.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. Royal Bank of Canada upped their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Bank of America downgraded shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and increased their target price for the company from $78.00 to $80.00 in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $80.00.

Institutional Trading of DuPont de Nemours

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after purchasing an additional 3,168,740 shares in the last quarter. Norges Bank purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $111,980,000. Invesco Ltd. raised its position in shares of DuPont de Nemours by 6.7% in the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after buying an additional 639,246 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in shares of DuPont de Nemours by 156.6% during the fourth quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock valued at $56,772,000 after buying an additional 450,422 shares during the period. Finally, Nuance Investments LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth approximately $24,785,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.