Key Points
- DuPont CEO Lori Koch sold 9,011 shares on Nov. 28 for a total of $355,574.06, reducing her stake by 3.03% to 288,326 shares valued at about $11.38 million.
- DuPont's board authorized a $2.00 billion share buyback, allowing repurchases of up to roughly 12.2% of outstanding shares, signaling management believes the stock may be undervalued.
- The company declared a quarterly dividend of $0.20 per share (annualized $0.80, ~2.0% yield) with an ex-dividend date and record date of Nov. 28 and payment on Dec. 15.
DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) SVP Erik Hoover sold 6,005 shares of the business's stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $39.79, for a total value of $238,938.95. Following the transaction, the senior vice president directly owned 112,101 shares in the company, valued at $4,460,498.79. This trade represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
DuPont de Nemours Stock Performance
Shares of DD stock opened at $39.95 on Tuesday. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of -85.00, a PEG ratio of 2.49 and a beta of 1.11. The stock has a fifty day moving average of $35.55 and a 200 day moving average of $32.18. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $41.23. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.
DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 EPS for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.02 billion during the quarter. As a group, research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.
DuPont de Nemours declared that its board has authorized a share repurchase program on Thursday, November 6th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to buy up to 12.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its shares are undervalued.
DuPont de Nemours Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 28th. DuPont de Nemours's payout ratio is presently -43.48%.
Analysts Set New Price Targets
Several research firms recently weighed in on DD. Royal Bank Of Canada dropped their price target on DuPont de Nemours from $100.00 to $48.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 18th. Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $100.00 to $50.00 and set an "overweight" rating on the stock in a report on Friday, November 7th. BMO Capital Markets decreased their price target on shares of DuPont de Nemours from $104.00 to $50.00 and set an "outperform" rating for the company in a research note on Monday, November 3rd. UBS Group boosted their price objective on shares of DuPont de Nemours to $44.00 and gave the stock a "buy" rating in a research note on Wednesday, November 5th. Finally, Morgan Stanley decreased their target price on shares of DuPont de Nemours from $80.00 to $44.00 in a research note on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.88.
Read Our Latest Report on DuPont de Nemours
Institutional Trading of DuPont de Nemours
A number of institutional investors and hedge funds have recently bought and sold shares of DD. Princeton Global Asset Management LLC lifted its stake in shares of DuPont de Nemours by 64.4% in the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company's stock worth $25,000 after buying an additional 143 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in DuPont de Nemours by 186.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company's stock worth $25,000 after acquiring an additional 207 shares during the last quarter. Palisade Asset Management LLC bought a new position in DuPont de Nemours in the 3rd quarter valued at approximately $26,000. Financial Life Planners purchased a new stake in DuPont de Nemours during the 3rd quarter valued at $27,000. Finally, Imprint Wealth LLC purchased a new stake in DuPont de Nemours during the 3rd quarter valued at $27,000. 73.96% of the stock is currently 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.
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