Daiwa Securities Group Inc. decreased its stake in shares of DuPont Co. (NYSE:DD) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 22,600 shares of the company’s stock after selling 200 shares during the period. Daiwa Securities Group Inc.’s holdings in DuPont were worth $1,464,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Legal & General Group Plc raised its stake in DuPont by 0.5% in the first quarter. Legal & General Group Plc now owns 3,901,748 shares of the company’s stock valued at $247,077,000 after buying an additional 20,701 shares during the last quarter. EP Wealth Advisors Inc. purchased a new stake in DuPont during the first quarter worth $226,000. TNB Financial raised its stake in DuPont by 7.1% in the second quarter. TNB Financial now owns 5,635 shares of the company’s stock worth $365,000 after buying an additional 375 shares in the last quarter. Mariner Wealth Advisors LLC raised its stake in DuPont by 13.2% in the first quarter. Mariner Wealth Advisors LLC now owns 6,979 shares of the company’s stock worth $442,000 after buying an additional 813 shares in the last quarter. Finally, Kistler Tiffany Companies LLC raised its stake in DuPont by 8.1% in the second quarter. Kistler Tiffany Companies LLC now owns 8,020 shares of the company’s stock worth $520,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.
DuPont Co. (NYSE:DD) traded down 0.12% during midday trading on Friday, reaching $66.77. 2,661,570 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $68.78 and its 200-day moving average is $66.43. The stock has a market capitalization of $58.38 billion, a price-to-earnings ratio of 26.56 and a beta of 1.82. DuPont Co. has a 12-month low of $47.11 and a 12-month high of $75.72.
DuPont (NYSE:DD) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.14. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.01 billion. DuPont had a net margin of 9.01% and a return on equity of 24.59%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share. On average, equities analysts forecast that DuPont Co. will post $3.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.28%. DuPont’s payout ratio is currently 60.32%.
A number of analysts have recently weighed in on DD shares. Vetr lowered shares of DuPont from a “buy” rating to a “hold” rating and set a $69.68 target price for the company. in a report on Monday, June 6th. Zacks Investment Research lowered shares of DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Barclays PLC increased their target price on shares of DuPont from $67.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 27th. Deutsche Bank AG increased their target price on shares of DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, August 12th. Finally, JPMorgan Chase & Co. lowered shares of DuPont from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $73.00 to $64.00 in a report on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $69.15.
In related news, SVP Benito Cachinero sold 58,958 shares of the stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James C. Jr. Collins sold 50,316 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $70.30, for a total transaction of $3,537,214.80. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont Co. (NYSE:DD).
Receive News & Ratings for DuPont Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont Co. and related companies with MarketBeat.com's FREE daily email newsletter.