DuPont de Nemours (NYSE:DD) SVP Steven Larrabee Sells 25,000 Shares

Key Points

• DuPont SVP Steven Larrabee sold 25,000 shares of the company's stock for a total of $1,912,500, reducing his position by 33.97%.
• The company recently announced a quarterly dividend of $0.41 per share, representing an annualized yield of 2.1%.
• Equities analysts have raised their price targets for DuPont, with a consensus average target now at $88.25 and a "Moderate Buy" rating overall.

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) SVP Steven Larrabee sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $76.50, for a total value of $1,912,500.00. Following the completion of the sale, the senior vice president owned 48,585 shares in the company, valued at $3,716,752.50. The trade was a 33.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

DuPont de Nemours Stock Performance

DD stock opened at $77.72 on Tuesday. The company has a market cap of $32.54 billion, a P/E ratio of -165.35, a price-to-earnings-growth ratio of 1.94 and a beta of 1.07. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The stock's fifty day moving average price is $74.46 and its 200-day moving average price is $71.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The company had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.DuPont de Nemours's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.1%. DuPont de Nemours's payout ratio is -348.94%.

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors have recently modified their holdings of DD. Ritholtz Wealth Management grew its position in shares of DuPont de Nemours by 48.8% in the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock valued at $333,000 after purchasing an additional 1,464 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of DuPont de Nemours by 334.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock worth $19,122,000 after buying an additional 197,115 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of DuPont de Nemours by 6.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock worth $6,003,000 after buying an additional 4,995 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of DuPont de Nemours by 11.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock worth $4,069,000 after buying an additional 5,751 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its stake in shares of DuPont de Nemours by 37.4% in the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock valued at $1,787,000 after acquiring an additional 6,509 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Mizuho raised their target price on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Royal Bank Of Canada raised their target price on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, KeyCorp raised their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.25.

About DuPont de Nemours

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.

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