According to Zacks, “Estimates for DuPont have been stable of late. The company has positive record of earnings surprises in recent quarters. DuPont is well placed to gain from new product launches and productivity actions. The company is also moving forward with its planned mega-merger with Dow Chemical, which is expected to create significant synergies. Moreover, it remains committed to maximizing shareholder value. However, DuPont’s agriculture business is still faced with industry-wide challenges. Revenues and earnings in this segment are expected to continue to be affected by soft insecticide demand in Latin America and weak farm commodity prices. DuPont is also exposed to higher energy and raw material costs, which if not offset fully by the increase in prices, may have a significant impact on its results.”
Other equities analysts have also recently issued research reports about the company. Vetr cut DuPont from a buy rating to a hold rating and set a $66.68 target price for the company. in a report on Thursday, June 30th. TheStreet cut DuPont from a buy rating to a hold rating in a research note on Tuesday, July 26th. Credit Suisse Group AG reissued a hold rating and issued a $67.00 price target on shares of DuPont in a research note on Thursday, June 2nd. Barclays PLC reissued a neutral rating on shares of DuPont in a research note on Thursday, July 28th. Finally, Macquarie set a $71.00 price target on DuPont and gave the company a neutral rating in a research note on Thursday, July 21st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $69.15.
Shares of DuPont (NYSE:DD) opened at 66.97 on Tuesday. DuPont has a 12 month low of $49.53 and a 12 month high of $75.72. The firm has a market cap of $58.55 billion, a price-to-earnings ratio of 26.64 and a beta of 1.78. The company has a 50-day moving average price of $68.46 and a 200-day moving average price of $66.56.
DuPont (NYSE:DD) last issued its earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) 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 earned $7.10 billion during the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter in the prior year, the firm earned $1.18 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts forecast that DuPont will post $3.19 earnings per share for the current fiscal year.
The firm 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 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, August 11th. DuPont’s payout ratio is 60.32%.
In related news, SVP Benito Cachinero sold 58,958 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James C. Jr. Collins sold 50,316 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Pinkerton Retirement Specialists LLC increased its stake in shares of DuPont by 5,435.3% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,882 shares of the company’s stock worth $122,000 after buying an additional 1,848 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of DuPont by 10.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,050 shares of the company’s stock worth $133,000 after buying an additional 191 shares during the last quarter. Exchange Capital Management Inc. acquired a new stake in shares of DuPont during the second quarter worth approximately $147,000. Bellwether Investment Group LLC acquired a new stake in shares of DuPont during the second quarter worth approximately $154,000. Finally, Point72 Asia Hong Kong Ltd increased its stake in shares of DuPont by 575.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,700 shares of the company’s stock worth $175,000 after buying an additional 2,300 shares during the last quarter. 70.29% of the stock is owned by institutional investors.
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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