Insider Selling: DuPont de Nemours (NYSE:DD) SVP Sells 6,000 Shares of Stock

Key Points

• DuPont de Nemours SVP Steven Larrabee sold 6,000 shares at an average price of $78.00, reducing his ownership by 12.35%.
• The company reported $1.12 earnings per share for the last quarter, surpassing estimates by $0.06, and set FY 2025 EPS guidance at 4.400.
• DuPont declared a quarterly dividend of $0.41 per share, reflecting an annualized yield of 2.1%, with the ex-dividend date on August 29th.

DuPont de Nemours, Inc. (NYSE:DD - Get Free Report) SVP Steven Larrabee sold 6,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $78.00, for a total value of $468,000.00. Following the transaction, the senior vice president owned 42,585 shares of the company's stock, valued at $3,321,630. The trade was a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

DuPont de Nemours Price Performance

Shares of DD opened at $77.72 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. The stock has a 50 day simple moving average of $74.46 and a 200 day simple moving average of $71.05. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The firm has a market capitalization of $32.54 billion, a PE ratio of -165.35, a P/E/G ratio of 1.94 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the firm earned $0.97 EPS. DuPont de Nemours's quarterly revenue was up 2.7% compared to the same quarter last year. DuPont de Nemours has set its FY 2025 guidance at 4.400-4.400 EPS. Q3 2025 guidance at 1.150-1.150 EPS. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given 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 yield of 2.1%. DuPont de Nemours's dividend payout ratio is -348.94%.

Wall Street Analyst Weigh In

DD has been the topic of a number of analyst reports. KeyCorp upped their price objective 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. Citigroup upped their price objective 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. Royal Bank Of Canada increased their price target on DuPont de Nemours from $93.00 to $94.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Mizuho increased their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, UBS Group increased their price target on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and a consensus target price of $88.25.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DD. Vanguard Group Inc. grew its position in DuPont de Nemours by 1.6% in the second quarter. Vanguard Group Inc. now owns 47,664,223 shares of the basic materials company's stock valued at $3,269,289,000 after acquiring an additional 769,600 shares during the last quarter. State Street Corp grew its position in DuPont de Nemours by 4.8% in the second quarter. State Street Corp now owns 18,363,975 shares of the basic materials company's stock valued at $1,259,585,000 after acquiring an additional 842,852 shares during the last quarter. Geode Capital Management LLC grew its position in DuPont de Nemours by 4.8% in the second quarter. Geode Capital Management LLC now owns 10,782,760 shares of the basic materials company's stock valued at $736,487,000 after acquiring an additional 496,691 shares during the last quarter. Nuveen LLC bought a new position in DuPont de Nemours in the first quarter valued at about $531,037,000. Finally, Norges Bank bought a new stake in shares of DuPont de Nemours during the second quarter worth about $313,306,000. 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.

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