American Research & Management Co. reduced its position in DuPont Co. (NYSE:DD) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,468 shares of the company’s stock after selling 2,025 shares during the period. American Research & Management Co.’s holdings in DuPont were worth $2,428,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings 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 worth $2,482,973,000 after buying an additional 423,988 shares during the period. Trian Fund Management L.P. increased its stake in shares of DuPont by 1.3% in the first quarter. Trian Fund Management L.P. now owns 20,485,262 shares of the company’s stock worth $1,297,127,000 after buying an additional 261,187 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of DuPont by 157.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,470,909 shares of the company’s stock valued at $346,418,000 after buying an additional 3,347,501 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of 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. Institutional investors and hedge funds own 70.30% of the company’s stock.
Shares of DuPont Co. (NYSE:DD) traded up 1.22% during mid-day trading on Tuesday, reaching $69.50. The company’s stock had a trading volume of 1,776,739 shares. The stock has a market capitalization of $60.77 billion, a price-to-earnings ratio of 27.65 and a beta of 1.78. DuPont Co. has a 52 week low of $50.71 and a 52 week high of $75.72. The company’s 50-day moving average is $68.17 and its 200-day moving average is $66.93.
DuPont (NYSE:DD) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.01 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. The company’s revenue was down .8% on a year-over-year basis. Equities analysts predict that DuPont Co. will post $3.19 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Vetr downgraded DuPont from a “buy” rating to a “hold” rating and set a $69.68 price target on the stock. in a report on Monday, June 20th. Barclays PLC reiterated a “neutral” rating on shares of DuPont in a report on Thursday, July 28th. Citigroup Inc. upgraded DuPont from a “neutral” rating to a “buy” rating and increased their price target for the stock from $72.00 to $76.00 in a report on Monday, October 3rd. Deutsche Bank AG increased their price target on DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a report on Friday, August 12th. Finally, TheStreet downgraded DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. DuPont currently has an average rating of “Hold” and a consensus target price of $70.73.
In related news, 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 value of $3,537,214.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $4,148,284.88. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
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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