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DuPont's SVP & CIO Steven Larrabee sells shares worth over $250k

Published 06/04/2024, 04:27 PM
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DuPont de Nemours, Inc. (NYSE:DD) executive Steven P. Larrabee, who serves as the company's Senior Vice President and Chief Information Officer, has sold a total of 3,100 shares of the company’s common stock. The transaction, which took place on May 31, 2024, amounted to over $250,000 at an average price of $81.4145 per share.

The sale was conducted within a narrow price range, with individual trades executed between $81.41 and $81.42. Following the sale, Larrabee's direct holdings in DuPont amount to 35,337.0531 shares. Additionally, he indirectly owns 144.3887 shares through a Retirement Savings Plan.

Investors often monitor insider transactions as they can provide insights into executives' perspectives on their company's financial health and future prospects. While the reasons behind Larrabee's decision to sell a portion of his stake in the company were not disclosed, the transaction was significant enough to warrant attention from the investment community.

DuPont, a leading company in the field of plastics, materials, synthetic resins, and nonvulcan elastomers, has its headquarters in Wilmington, Delaware. The company continues to be a major player in the industrial applications and services sector.

The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission. Interested parties can request additional information about the specific prices of each share sold from Larrabee, as indicated in the footnotes of the filing.

It is important for investors to consider insider transactions as part of a broader investment strategy and in the context of the company's overall performance and market conditions. DuPont's stock performance and future developments within the company and its industry sector remain key factors for potential investors.

InvestingPro Insights

As DuPont de Nemours, Inc. (NYSE:DD) navigates the market, investors are keen to understand the implications of executive transactions and the company's financial health. With Senior Vice President and Chief Information Officer Steven P. Larrabee's recent stock sale, it's pertinent to look at DuPont's current financial metrics and what InvestingPro Tips suggest about the company's outlook.

InvestingPro data shows DuPont with a market capitalization of $33.59 billion and a price-to-earnings (P/E) ratio as of the last twelve months of Q1 2024 at 26.17, indicating a valuation that investors may consider when assessing the company's earnings relative to its share price. The company's revenue for the same period stands at $11.98 billion, with a gross profit margin of 35.36%, reflecting its ability to retain a significant portion of sales as gross profit.

Among the InvestingPro Tips, two particularly stand out for DuPont: the company has been recognized for maintaining dividend payments for 54 consecutive years, which could be a sign of its commitment to providing shareholder value, and analysts have revised their earnings upwards for the upcoming period, suggesting a positive outlook on the company's profitability. With a strong return over the last three months of 16.32%, these factors combined could signal confidence in the company's financial trajectory.

For investors seeking a comprehensive analysis, additional InvestingPro Tips can be found at https://www.investing.com/pro/DD, which detail aspects like share repurchase activities and liquidity. There are 11 more tips available, offering a more nuanced view of DuPont's financial position. Interested investors can also take advantage of a special offer using coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to a wealth of financial data and insights.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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