Entegris Inc

NASDAQ:ENTGUnited States

03:42 PM EDT, 06/04/2024 (MT Newswires) -- Clinton M. Haris, Senior Vice President and President, Microcontamination Control Division, on May 31, 2024, sold 5,005 shares in Entegris (ENTG) for $624,324. Following the Form 4 filing with the SEC, Hari...

1308 ET - DuPont de Nemours' two spin off companies are likely to garner higher valuations from investors, according to UBS analysts. They say in a research note that the electronics and water businesses, set to be spun off from DuPont, will have peers with higher multiples. The electronics company's peers, such as MKS Instruments and Entegris, trade within a 14x to 22x enterprise value to Ebitda range, the analysts say. The water business, meanwhile, will have peers with about 20x multiples, including Xylem and Veralto. The combined DuPont currently trades at a multiple of around 12.5x near-term consensus Ebitda. Shares in DuPont rise 0.2%. (ben.glickman@wsj.com; @benglickman)