DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) 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 transaction of $1,450,400.00. Following the transaction, the insider now directly owns 24,476 shares of the company's stock, valued at $1,918,918.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
DuPont de Nemours Trading Up 1.0 %
DD opened at $79.29 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. 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. The firm has a 50 day simple moving average of $74.10 and a 200 day simple moving average of $72.12. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $79.63.
DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. DuPont de Nemours's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current year.
DuPont de Nemours Announces Dividend
CEO of Biggest AI Chipmaker Just Dropped a Bombshell…
From Banyan Hill Publishing | Ad
Nvidia’s CEO calls it the “next amazing revolution” … and even declared it “is going to be flat out of the biggest [revolution] ever.”
Jeff Bezos, Bill Gates, and Mark Zuckerberg have invested billions in it.
Click on Adam's shiny forehead for more details.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours's dividend payout ratio (DPR) is 185.37%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. BMO Capital Markets downgraded shares of DuPont de Nemours from an "outperform" rating to a "market perform" rating and cut their price target for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, April 11th. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. Citigroup boosted their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 10th. Finally, TheStreet downgraded shares of DuPont de Nemours from a "b-" rating to a "c" rating in a research note on Tuesday, February 6th. One investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $80.00.
View Our Latest Report on DD
Institutional Investors Weigh In On DuPont de Nemours
A number of institutional investors and hedge funds have recently modified their holdings of DD. Northwest Financial Advisors acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new position in DuPont de Nemours during the first quarter valued at approximately $25,000. Peoples Bank KS acquired a new position in DuPont de Nemours during the third quarter valued at approximately $25,000. LifeSteps Financial Inc. acquired a new position in DuPont de Nemours during the first quarter valued at approximately $28,000. Finally, Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the first quarter valued at approximately $33,000. 73.96% of the stock is owned by institutional investors.
About DuPont de Nemours
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
