Insider Selling: DuPont de Nemours (NYSE:DD) Director Sells $13,154,206.45 in Stock

DuPont de Nemours, Inc. (NYSE:DD) Director Edward Breen sold 89,845 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $146.41, for a total transaction of $13,154,206.45. Following the sale, the director owned 127,276 shares of the company’s stock, valued at approximately $18,634,479.16. This represents a 41.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

DuPont de Nemours Stock Down 0.9%

Shares of DuPont de Nemours stock opened at $155.53 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.74 and a current ratio of 2.36. The stock has a market capitalization of $20.61 billion, a PE ratio of 69.74, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. DuPont de Nemours, Inc. has a 52-week low of $111.15 and a 52-week high of $159.48. The company has a 50-day simple moving average of $134.49 and a two-hundred day simple moving average of $139.16.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, beating 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 analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts anticipate that DuPont de Nemours, Inc. will post 7.51 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed 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 of this dividend is Monday, November 30th. This represents a $2.40 annualized dividend and a yield of 1.5%. DuPont de Nemours’s dividend payout ratio is 107.62%.

Institutional Investors Weigh In On DuPont de Nemours

A number of hedge funds have recently added to or reduced their stakes in DD. State Street Corp lifted its holdings in DuPont de Nemours by 140.3% in the second quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock valued at $6,095,909,000 after acquiring an additional 26,238,300 shares during the period. Farther Finance Advisors LLC grew its stake in shares of DuPont de Nemours by 839.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 39,355 shares of the basic materials company’s stock valued at $5,112,000 after purchasing an additional 35,166 shares during the period. Generali Investments Management Co LLC grew its stake in shares of DuPont de Nemours by 3,410.5% during the 3rd quarter. Generali Investments Management Co LLC now owns 11,409 shares of the basic materials company’s stock valued at $1,482,000 after purchasing an additional 11,084 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of DuPont de Nemours during the 3rd quarter valued at about $1,902,000. Finally, Groupe la Francaise purchased a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $1,394,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup lifted their target price on DuPont de Nemours from $162.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. JPMorgan Chase & Co. downgraded DuPont de Nemours from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $172.00 to $145.00 in a report on Friday, October 9th. Barclays increased their price objective on DuPont de Nemours from $156.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Finally, UBS Group upped their target price on shares of DuPont de Nemours from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.88.

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.