First Midwest Bank Trust Division lowered its position in DuPont Co. (NYSE:DD) by 4.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,293 shares of the company’s stock after selling 686 shares during the period. First Midwest Bank Trust Division’s holdings in DuPont were worth $861,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors Inc. raised its stake in DuPont by 3.7% in the first quarter. Teachers Advisors Inc. now owns 1,365,045 shares of the company’s stock worth $86,435,000 after buying an additional 48,967 shares in the last quarter. Ngam Advisors L.P. raised its position in shares of DuPont by 0.8% in the first quarter. Ngam Advisors L.P. now owns 105,207 shares of the company’s stock valued at $6,662,000 after buying an additional 787 shares during the period. Pacad Investment Ltd. purchased a new position in shares of DuPont during the first quarter valued at about $1,157,000. guardian investment management raised its position in shares of DuPont by 10.8% in the first quarter. guardian investment management now owns 22,050 shares of the company’s stock valued at $1,396,000 after buying an additional 2,150 shares during the period. Finally, Hyman Charles D purchased a new position in shares of DuPont during the first quarter valued at about $1,710,000. 70.29% of the stock is owned by hedge funds and other institutional investors.
DuPont Co. (NYSE:DD) traded up 1.30% on Monday, hitting $67.84. 2,402,776 shares of the stock traded hands. DuPont Co. has a 52 week low of $50.71 and a 52 week high of $75.72. The firm has a market capitalization of $59.31 billion, a PE ratio of 26.98 and a beta of 1.78. The stock has a 50 day moving average of $68.47 and a 200 day moving average of $66.63.
DuPont (NYSE:DD) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The business earned $7.10 billion during 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 business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $1.18 earnings per share. Equities research analysts anticipate that DuPont Co. will post $3.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Thursday, August 11th. DuPont’s payout ratio is 60.32%.
Several equities analysts have recently issued reports on the stock. Citigroup Inc. raised shares of DuPont from a “neutral” rating to a “buy” rating and boosted their price target for the company from $72.00 to $76.00 in a report on Monday. Zacks Investment Research lowered shares of DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Deutsche Bank AG boosted their price target on shares of DuPont from $55.00 to $56.00 and gave the company 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. Finally, TheStreet lowered shares of DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.51.
In other DuPont news, insider James C. Jr. Collins sold 50,316 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Benito Cachinero sold 58,958 shares of the firm’s 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. 0.31% of the stock is currently owned by company 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.
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