Insider Selling: DuPont de Nemours, Inc. (NYSE:DD) Insider Sells $1,450,400.00 in Stock

DuPont de Nemours, Inc. (NYSE:DD) insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction 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 sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

DuPont de Nemours Stock Up 0.8 %

DD opened at $78.80 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $74.66 and its 200 day simple moving average is $72.25. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $79.63. The stock has a market cap of $32.95 billion, a PE ratio of 96.10, a P/E/G ratio of 2.26 and a beta of 1.39.

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

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. DuPont de Nemours’s payout ratio is 185.37%.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors have recently made changes to their positions in the business. Gratus Wealth Advisors LLC lifted its stake in DuPont de Nemours by 88.7% in the first quarter. Gratus Wealth Advisors LLC now owns 11,380 shares of the basic materials company’s stock worth $837,000 after purchasing an additional 5,348 shares during the last quarter. Great Lakes Retirement Inc. increased its holdings in shares of DuPont de Nemours by 5.2% in the first quarter. Great Lakes Retirement Inc. now owns 18,484 shares of the basic materials company’s stock worth $1,417,000 after buying an additional 922 shares during the period. Leo Wealth LLC lifted its stake in shares of DuPont de Nemours by 4.7% in the 1st quarter. Leo Wealth LLC now owns 10,898 shares of the basic materials company’s stock valued at $837,000 after acquiring an additional 488 shares during the last quarter. Wilkins Investment Counsel Inc. boosted its holdings in DuPont de Nemours by 34.5% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 170,654 shares of the basic materials company’s stock valued at $13,084,000 after acquiring an additional 43,798 shares during the period. Finally, Maple Capital Management Inc. bought a new position in DuPont de Nemours during the 1st quarter worth approximately $242,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DD. Wolfe Research began coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Mizuho boosted their price target on shares of DuPont de Nemours from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Barclays upped their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.