DuPont de Nemours, Inc. (NYSE:DD – Get Free Report) CEO Lori Koch sold 261 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $48.82, for a total transaction of $12,742.02. The sale was disclosed in a filing with the SEC, which is available at this link.
DuPont de Nemours Stock Performance
NYSE:DD opened at $48.67 on Wednesday. The firm has a market cap of $19.72 billion, a PE ratio of -811.08, a price-to-earnings-growth ratio of 0.45 and a beta of 1.03. DuPont de Nemours, Inc. has a fifty-two week low of $27.33 and a fifty-two week high of $52.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.11 and a current ratio of 2.68. The business has a 50 day moving average price of $47.09 and a 200-day moving average price of $44.89.
DuPont de Nemours’s stock is scheduled to reverse split before the market opens on Wednesday, June 24th. The 1-3 reverse split was announced on Tuesday, May 26th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, June 23rd.
DuPont de Nemours Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. DuPont de Nemours’s dividend payout ratio is -1,333.33%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on DD shares. Royal Bank Of Canada increased their price objective on DuPont de Nemours from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. KeyCorp increased their price objective on DuPont de Nemours from $51.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Jefferies Financial Group increased their price objective on DuPont de Nemours from $51.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Bank of America dropped their price objective on DuPont de Nemours from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Finally, Citigroup dropped their price objective on DuPont de Nemours from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.21.
Read Our Latest Report on DuPont de Nemours
Institutional Trading of DuPont de Nemours
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Palisade Asset Management LLC purchased a new position in DuPont de Nemours during the third quarter valued at $26,000. Financial Life Planners purchased a new position in DuPont de Nemours during the third quarter valued at $27,000. Imprint Wealth LLC purchased a new position in DuPont de Nemours during the third quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new position in DuPont de Nemours during the third quarter valued at $30,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in DuPont de Nemours during the third quarter valued at $44,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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