DuPont de Nemours (NYSE:DD) Stock: Insider Edward Breen Sells 89,845 Shares

DuPont de Nemours, Inc. (NYSE:DD) Director Edward Breen sold 89,845 shares of DuPont de Nemours stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $146.41, for a total value of $13,154,206.45. Following the transaction, the director owned 127,276 shares in the company, valued at $18,634,479.16. This trade represents a 41.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

DuPont de Nemours Stock Performance

NYSE:DD opened at $156.88 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.74 and a current ratio of 2.36. The stock has a 50-day simple moving average of $134.02 and a two-hundred day simple moving average of $139.05. The firm has a market capitalization of $20.79 billion, a PE ratio of 70.35, a P/E/G ratio of 1.34 and a beta of 1.06. DuPont de Nemours, Inc. has a 52-week low of $111.15 and a 52-week high of $157.98.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.87 by $0.22. DuPont de Nemours had a return on equity of 6.85% and a net margin of 4.26%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts forecast that DuPont de Nemours, Inc. will post 7.51 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, November 30th. DuPont de Nemours’s dividend payout ratio is currently 107.62%.

Institutional Trading of DuPont de Nemours

A number of large investors have recently added to or reduced their stakes in DD. Parallel Advisors LLC raised its holdings in shares of DuPont de Nemours by 1.4% during the 3rd quarter. Parallel Advisors LLC now owns 6,340 shares of the basic materials company’s stock worth $823,000 after acquiring an additional 87 shares in the last quarter. Center for Financial Planning Inc. raised its stake in DuPont de Nemours by 19.7% during the third quarter. Center for Financial Planning Inc. now owns 607 shares of the basic materials company’s stock valued at $79,000 after purchasing an additional 100 shares in the last quarter. Composition Wealth LLC raised its stake in DuPont de Nemours by 1.9% during the third quarter. Composition Wealth LLC now owns 5,491 shares of the basic materials company’s stock valued at $713,000 after purchasing an additional 104 shares in the last quarter. Brandywine Oak Private Wealth LLC lifted its position in DuPont de Nemours by 0.9% during the third quarter. Brandywine Oak Private Wealth LLC now owns 12,301 shares of the basic materials company’s stock valued at $1,598,000 after purchasing an additional 111 shares during the last quarter. Finally, Americana Partners LLC lifted its position in DuPont de Nemours by 0.4% during the third quarter. Americana Partners LLC now owns 24,855 shares of the basic materials company’s stock valued at $3,228,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

DD has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. UBS Group raised their price objective on shares of DuPont de Nemours from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Zacks Research cut shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Finally, Barclays increased their price target on DuPont de Nemours from $156.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. Twelve 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. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $165.88.

About DuPont de Nemours

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.