DuPont de Nemours (NYSE:DD) SVP Steven Larrabee Sells 43,208 Shares

Key Points

• DuPont de Nemours SVP Steven Larrabee sold 43,208 shares of the company's stock for approximately $3.33 million, representing a 52.83% decrease in his ownership.
• The company's quarterly earnings showed a profit of $1.12 per share, exceeding analysts' expectations, with revenue of $3.26 billion, up 2.7% year-over-year.
• DuPont's dividend declaration of $0.41 per share resulted in a 2.1% yield for investors, despite a payout ratio of -348.94%.

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) SVP Steven Larrabee sold 43,208 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the sale, the senior vice president directly owned 38,585 shares of the company's stock, valued at approximately $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded down $0.28 during trading hours on Wednesday, hitting $76.89. 3,778,183 shares of the company's stock traded hands, compared to its average volume of 2,898,277. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The stock has a market capitalization of $32.20 billion, a price-to-earnings ratio of -163.60, a PEG ratio of 1.92 and a beta of 1.07. The company has a fifty day simple moving average of $74.92 and a 200-day simple moving average of $70.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.1%. DuPont de Nemours's dividend payout ratio is presently -348.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DD. Mizuho increased their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Citigroup raised their target price on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. KeyCorp raised their target price on DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. UBS Group raised their target price on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company raised their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of "Moderate Buy" and a consensus target price of $88.25.

Institutional Trading of DuPont de Nemours

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.