Alley Co LLC held its position in shares of DuPont Co. (NYSE:DD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,192 shares of the company’s stock at the end of the second quarter. Alley Co LLC’s holdings in DuPont were worth $272,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in DD. Smith Moore & CO. increased its position in shares of DuPont by 35.5% in the first quarter. Smith Moore & CO. now owns 12,662 shares of the company’s stock worth $802,000 after buying an additional 3,316 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of DuPont by 6.4% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,975 shares of the company’s stock worth $315,000 after buying an additional 300 shares during the period. Willis Investment Counsel increased its position in shares of DuPont by 15.0% in the first quarter. Willis Investment Counsel now owns 183,700 shares of the company’s stock worth $11,632,000 after buying an additional 24,000 shares during the period. Canada Pension Plan Investment Board increased its position in shares of DuPont by 54.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,006,200 shares of the company’s stock worth $63,713,000 after buying an additional 356,660 shares during the period. Finally, BB&T Securities LLC increased its position in shares of DuPont by 77.6% in the first quarter. BB&T Securities LLC now owns 80,981 shares of the company’s stock worth $5,127,000 after buying an additional 35,385 shares during the period. 70.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DuPont Co. (NYSE:DD) traded up 1.06% on Tuesday, hitting $69.39. The stock had a trading volume of 817,314 shares. The firm has a 50-day moving average of $68.17 and a 200 day moving average of $66.93. The company has a market capitalization of $60.67 billion, a PE ratio of 27.60 and a beta of 1.78. DuPont Co. has a 1-year low of $50.71 and a 1-year high of $75.72.
DuPont (NYSE:DD) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.01 billion. DuPont had a net margin of 9.01% and a return on equity of 24.59%. DuPont’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. On average, equities analysts anticipate that DuPont Co. will post $3.19 earnings per share for the current fiscal year.
DD has been the topic of a number of recent analyst reports. Vetr downgraded DuPont from a “buy” rating to a “hold” rating and set a $69.68 price target on the stock. in a research report on Monday, June 20th. JPMorgan Chase & Co. downgraded DuPont from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $73.00 to $64.00 in a research report on Tuesday, June 28th. Zacks Investment Research downgraded DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Macquarie set a $71.00 target price on DuPont and gave the company a “neutral” rating in a research report on Thursday, July 21st. Finally, Barclays PLC upped their target price on DuPont from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. DuPont currently has a consensus rating of “Hold” and an average price target of $70.73.
In related news, insider James C. Jr. Collins sold 50,316 shares of DuPont stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $70.30, for a total value of $3,537,214.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Benito Cachinero sold 58,958 shares of DuPont stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $70.36, for a total transaction of $4,148,284.88. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.
DuPont Company Profile
E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company consists of over 10 businesses aggregated into six segments: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. Its products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio-based materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.
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