DuPont de Nemours, Inc. (NYSE:DD) Insider Leland Weaver Sells 18,500 Shares

DuPont de Nemours, Inc. (NYSE:DD) insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the transaction, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

DuPont de Nemours Stock Performance

NYSE: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 firm has a 50-day moving average of $74.10 and a two-hundred day moving average of $72.12. The stock has a market cap of $33.15 billion, a P/E ratio of 96.46, a PEG ratio of 2.26 and a beta of 1.39. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $79.63.

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

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.38 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a yield of 1.92%. DuPont de Nemours’s payout ratio is currently 185.37%.

Hedge Funds Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of DuPont de Nemours by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after purchasing an additional 3,168,740 shares during the last quarter. Norges Bank bought a new position in shares of DuPont de Nemours during the fourth quarter worth about $111,980,000. Invesco Ltd. lifted its position in shares of DuPont de Nemours by 6.7% during the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after purchasing an additional 639,246 shares during the last quarter. Great Lakes Advisors LLC lifted its position 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 worth $56,772,000 after purchasing an additional 450,422 shares during the last quarter. Finally, Nuance Investments LLC bought a new position in shares of DuPont de Nemours during the fourth quarter worth about $24,785,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DD shares. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Wells Fargo & Company boosted their price target on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Wolfe Research began coverage on DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Royal Bank of Canada boosted their price target on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets downgraded 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $80.00.

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.