North Star Asset Management Inc. held its stake in DuPont Co. (NYSE:DD) during the second quarter, Holdings Channel reports. The institutional investor owned 20,559 shares of the company’s stock at the end of the second quarter. North Star Asset Management Inc.’s holdings in DuPont were worth $1,302,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Integrated Investment Consultants LLC raised its stake in DuPont by 10.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,050 shares of the company’s stock valued at $133,000 after buying an additional 191 shares during the period. CrestPoint Capital Management LLC bought a new stake in shares of DuPont during the second quarter valued at about $201,000. Ariel Capital Advisors LLC bought a new stake in shares of DuPont during the second quarter valued at about $201,000. Rockland Trust Co. bought a new stake in shares of DuPont during the second quarter valued at about $218,000. Finally, Quadrant Capital Group LLC raised its stake in shares of DuPont by 4.2% in the second quarter. Quadrant Capital Group LLC now owns 3,605 shares of the company’s stock valued at $222,000 after buying an additional 144 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.
Shares of DuPont Co. (NYSE:DD) traded down 0.81% during trading on Tuesday, reaching $68.38. 1,367,677 shares of the company were exchanged. The company has a market capitalization of $59.79 billion, a price-to-earnings ratio of 27.20 and a beta of 1.78. DuPont Co. has a 1-year low of $50.71 and a 1-year high of $75.72. The stock’s 50 day moving average is $68.38 and its 200 day moving average is $66.78.
DuPont (NYSE:DD) last announced its earnings results on Tuesday, July 26th. The company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. DuPont had a net margin of 9.01% and a return on equity of 24.59%. The business earned $7.10 billion during the quarter, compared to analysts’ expectations of $7.01 billion. During the same period in the prior year, the company earned $1.18 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. Equities analysts anticipate that DuPont Co. will post $3.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.52 dividend on an annualized basis and a yield of 2.20%. DuPont’s dividend payout ratio is currently 60.32%.
Several brokerages have recently issued reports on DD. Citigroup Inc. upgraded shares of DuPont from a “neutral” rating to a “buy” rating and raised their price target for the stock from $72.00 to $76.00 in a research note on Monday, October 3rd. Zacks Investment Research lowered shares of DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Deutsche Bank AG raised their price target on shares of DuPont from $55.00 to $56.00 and gave the stock a “sell” rating in a research note on Friday, August 12th. Barclays PLC restated a “neutral” rating on shares of DuPont in a research note on Thursday, July 28th. Finally, TheStreet lowered shares of DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. DuPont currently has a consensus rating of “Hold” and a consensus target price of $70.73.
In other news, EVP Christopher Marc Doyle sold 5,422 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $69.53, for a total value of $376,991.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Benito Cachinero sold 58,958 shares of the stock in a transaction on Wednesday, August 24th. The stock was 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. Company 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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