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Friday, September 29, 2023

Is DuPont de Nemours Inc. (NYSE: DD) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for DuPont de Nemours Inc. (DD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.05%, to $76.00. The DuPont de Nemours Inc. has recorded 47,485 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted DuPont Completes $3.25 Billion Accelerated Share Repurchase Transaction; Launches New $2 Billion Accelerated Share Repurchase Transaction.

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Stocks Info

This NYSE-listed company operates within the Specialty Chemicals industry segment, falling under the Basic Materials sector. The current market capitalization of DuPont de Nemours Inc. is $34.39B. A total of 1.56 million shares were traded on the day, compared to an average of 2.89M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, DD has seen 3 BUY and 4 SELL insider trades, representing the acquisition of 66,833 and the disposition of 86,784 shares. Over the last 12 months, there were 43 BUYs and 45 SELLs from insiders. Insiders purchased 454,516 shares during that period but sold 222,777.

In the most recent transaction, Ratnakar Raj sold 50,633 shares of DD for 77.42 per share on Aug 31. After the transaction, the SVP & Chief Strategy Officer now owns 31,720 company shares. In a previous transaction on Aug 25, Ratnakar Raj sold 15,838 shares at 74.56 per share. DD shares that SVP & Chief Strategy Officer owns now total 31,720.

Among the insiders who sold shares, Kemp Jon D. disposed of 5,200 shares on Aug 09 at a per-share price of $77.46. This resulted in the President, Electronics & Indus holding 81,420 shares of DD after the transaction. In another insider transaction, Goss Michael G. sold 7,919 shares at $77.36 per share on Aug 04. Company shares held by the Controller now total 13,363.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. DuPont de Nemours Inc. pays an annual dividend of $1.44, resulting in a dividend yield of 1.90%, and it has a price to earnings (P/E) ratio of 37.51. DD’s most recent ex-dividend date was 7/28/2023 when it declared a $0.36 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/30/2023. The DD stock dividend was $0.36 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for DD in the last 3 months, the mean price target is $83.94 with high estimates of $92.00 and low estimates of $73.00. In terms of 52-week highs and lows, DD has a high of $78.74 and a low of $49.52.

As of this writing, DD has an earnings estimate of $1.13 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.19 per share and a lower estimate of $1.1. The company reported an EPS of $0.97 in the last quarter, which was 27.60% higher than expectations of $0.76.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. DD’s latest balance sheet shows that the firm has $2.01B in Cash & Short Term Investments as of fiscal 2021. There were $10.78B in debt and $4.26B in liabilities at the time. Its Book Value Per Share was $56.89, while its Total Shareholder’s Equity was $27.05B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DD is Buy with a score of 4.00.

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