Court Place Advisors LLC maintained its stake in DuPont Co. (NYSE:DD) during the second quarter, Holdings Channel reports. The firm owned 5,485 shares of the company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in DuPont were worth $355,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. State Street Corp raised its position in DuPont by 1.1% in the first quarter. State Street Corp now owns 39,212,995 shares of the company’s stock valued at $2,482,973,000 after buying an additional 423,988 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in DuPont by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 22,885,023 shares of the company’s stock valued at $1,449,080,000 after buying an additional 66,784 shares during the period. Trian Fund Management L.P. raised its position in DuPont by 1.3% in the first quarter. Trian Fund Management L.P. now owns 20,485,262 shares of the company’s stock valued at $1,297,127,000 after buying an additional 261,187 shares during the period. Geode Capital Management LLC raised its position in DuPont by 2.1% in the first quarter. Geode Capital Management LLC now owns 7,237,054 shares of the company’s stock valued at $457,342,000 after buying an additional 149,132 shares during the period. Finally, BlackRock Group LTD raised its position in DuPont by 5.2% in the first quarter. BlackRock Group LTD now owns 6,990,264 shares of the company’s stock valued at $442,624,000 after buying an additional 348,447 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.
DuPont Co. (NYSE:DD) traded down 0.12% during trading on Friday, reaching $66.77. 2,661,570 shares of the company’s stock were exchanged. DuPont Co. has a 52 week low of $47.11 and a 52 week high of $75.72. The firm has a market capitalization of $58.38 billion, a price-to-earnings ratio of 26.56 and a beta of 1.82. The stock has a 50-day moving average price of $68.78 and a 200 day moving average price of $66.43.
DuPont (NYSE:DD) last announced its earnings results on Tuesday, July 26th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.14. The business 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%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 EPS. Equities research analysts forecast that DuPont Co. will post $3.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 15th were issued 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 60.32%.
Several research firms recently commented on DD. Vetr upgraded shares of DuPont from a “strong sell” rating to a “sell” rating and set a $64.60 price objective for the company in a research note on Tuesday, July 26th. Barclays PLC boosted their target price on shares of DuPont from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 27th. TheStreet downgraded shares of DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Deutsche Bank AG boosted their target price on shares of DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research report on Friday, August 12th. Finally, Macquarie set a $71.00 target price on shares of DuPont and gave the stock a “neutral” rating in a research report on Thursday, July 21st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $69.15.
In other news, insider James C. Jr. Collins sold 50,316 shares of DuPont stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher Marc Doyle sold 5,422 shares of DuPont stock in a transaction on Friday, August 26th. The shares were sold at an average price of $69.53, for a total transaction of $376,991.66. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by 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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