Wagner Bowman Management Corp boosted its stake in shares of DuPont Co. (NYSE:DD) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 3,995 shares of the company’s stock after buying an additional 75 shares during the period. Wagner Bowman Management Corp’s holdings in DuPont were worth $258,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Union Bankshares Corp boosted its stake in shares of DuPont by 0.7% in the second quarter. Union Bankshares Corp now owns 4,497 shares of the company’s stock valued at $291,000 after buying an additional 32 shares during the period. Tiemann Investment Advisors LLC boosted its stake in DuPont by 1.5% in the first quarter. Tiemann Investment Advisors LLC now owns 4,180 shares of the company’s stock worth $265,000 after buying an additional 60 shares during the last quarter. Pitcairn Co. boosted its stake in DuPont by 1.1% in the second quarter. Pitcairn Co. now owns 7,087 shares of the company’s stock worth $459,000 after buying an additional 77 shares during the last quarter. Investment House LLC boosted its stake in DuPont by 1.4% in the second quarter. Investment House LLC now owns 5,909 shares of the company’s stock worth $383,000 after buying an additional 84 shares during the last quarter. Finally, Saybrook Capital NC boosted its stake in DuPont by 0.8% in the first quarter. Saybrook Capital NC now owns 12,720 shares of the company’s stock worth $805,000 after buying an additional 100 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.
DuPont Co. (NYSE:DD) traded down 0.12% on Friday, hitting $66.77. The stock had a trading volume of 2,661,570 shares. The company has a market cap of $58.38 billion, a PE ratio of 26.56 and a beta of 1.82. DuPont Co. has a one year low of $47.11 and a one year high of $75.72. The stock has a 50-day moving average of $68.78 and a 200-day moving average of $66.43.
DuPont (NYSE:DD) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.01 billion. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. Equities analysts expect that DuPont Co. will post $3.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Thursday, August 11th. DuPont’s dividend payout ratio is currently 60.32%.
A number of research firms have weighed in on DD. Deutsche Bank AG raised their price objective on shares of DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, August 12th. Barclays PLC reissued a “neutral” rating on shares of DuPont in a report on Thursday, July 28th. TheStreet cut shares of DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Vetr raised shares of DuPont from a “strong sell” rating to a “sell” rating and set a $64.60 price objective on the stock in a report on Tuesday, July 26th. Finally, Macquarie set a $71.00 price objective on shares of DuPont and gave the stock a “neutral” rating in a report on Thursday, July 21st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $69.15.
In related news, insider James C. Jr. Collins sold 50,316 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Benito Cachinero sold 58,958 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $70.36, for a total value of $4,148,284.88. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
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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