Key Points
- DuPont director Edward Breen sold 89,845 shares for about $13.15 million, reducing his position by 41.38%; he retained 127,276 shares.
- Quarterly results topped analyst expectations: DuPont reported EPS of $2.09 versus $1.87 expected and revenue of $1.87 billion, up 4.1% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $165.88; the company also declared a quarterly dividend of $0.60 per share.
DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) CEO Lori Koch sold 2,311 shares of the company's stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $151.15, for a total transaction of $349,307.65. Following the completion of the sale, the chief executive officer directly owned 115,715 shares in the company, valued at approximately $17,490,322.25. The trade was a 1.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
DuPont de Nemours Trading Up 5.7%
Shares of DuPont de Nemours stock opened at $154.93 on Tuesday. DuPont de Nemours, Inc. has a 12-month low of $111.15 and a 12-month high of $157.98. The stock has a market capitalization of $20.53 billion, a P/E ratio of 69.47, a price-to-earnings-growth ratio of 1.35 and a beta of 1.06. The company has a 50-day simple moving average of $133.58 and a 200 day simple moving average of $138.92. The company has a quick ratio of 1.82, a current ratio of 2.36 and a debt-to-equity ratio of 0.23.
DuPont de Nemours (NYSE:DD - Get Free Report) last released 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. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.84 billion. DuPont de Nemours had a net margin of 4.26% and a return on equity of 6.85%. The company's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. Research analysts expect that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current fiscal year.
DuPont de Nemours Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.60 dividend. The ex-dividend date is Monday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.5%. DuPont de Nemours's payout ratio is 107.62%.
Analyst Ratings Changes
DD has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of DuPont de Nemours in a report on Friday, October 30th. Royal Bank Of Canada lifted their price objective on DuPont de Nemours from $160.00 to $173.00 and gave the company an "outperform" rating in a research report on Thursday, November 5th. Zacks Research lowered DuPont de Nemours from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. UBS Group increased their target price on DuPont de Nemours from $172.00 to $182.00 and gave the stock a "buy" rating in a report on Wednesday, November 4th. Finally, The Goldman Sachs Group lowered their target price on DuPont de Nemours from $159.00 to $153.00 and set a "neutral" rating for the company in a research note on Wednesday, September 30th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $165.88.
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Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in DuPont de Nemours in the third quarter valued at about $8,102,000. AlTi Global Inc. grew its position in shares of DuPont de Nemours by 71.9% during the 3rd quarter. AlTi Global Inc. now owns 6,634 shares of the basic materials company's stock worth $862,000 after buying an additional 2,774 shares during the period. Allworth Financial LP grew its position in shares of DuPont de Nemours by 7.8% during the 3rd quarter. Allworth Financial LP now owns 6,275 shares of the basic materials company's stock worth $851,000 after buying an additional 455 shares during the period. Fisher Asset Management LLC increased its stake in shares of DuPont de Nemours by 12.9% in the 3rd quarter. Fisher Asset Management LLC now owns 3,305 shares of the basic materials company's stock valued at $429,000 after acquiring an additional 378 shares during the last quarter. Finally, Legacy Trust bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at about $4,771,000. 73.96% of the stock is currently owned by institutional investors.
DuPont de Nemours Company Profile
(
Get Free Report)
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.
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