Citigroup Inc. upgraded shares of DuPont Co. (NYSE:DD) from a neutral rating to a buy rating in a research report released on Monday morning. Citigroup Inc. currently has $76.00 price objective on the stock, up from their prior price objective of $72.00.
Other equities research analysts have also issued reports about the company. Vetr upgraded DuPont from a hold rating to a buy rating and set a $69.68 price objective for the company in a research note on Monday, June 13th. Barclays PLC boosted their price objective on DuPont from $67.00 to $70.00 and gave the stock an equal weight rating in a research note on Wednesday, July 27th. TheStreet lowered DuPont from a buy rating to a hold rating in a research note on Tuesday, July 26th. Zacks Investment Research lowered DuPont from a buy rating to a hold rating in a research note on Tuesday, June 28th. Finally, JPMorgan Chase & Co. lowered DuPont from an overweight rating to a neutral rating and cut their price objective for the stock from $73.00 to $64.00 in a research note on Tuesday, June 28th. Four 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’s stock. The company currently has a consensus rating of Hold and a consensus target price of $70.73.
Shares of DuPont (NYSE:DD) opened at 69.06 on Monday. DuPont has a 1-year low of $50.71 and a 1-year high of $75.72. The stock has a 50 day moving average price of $68.43 and a 200 day moving average price of $66.67. The company has a market capitalization of $60.38 billion, a price-to-earnings ratio of 27.47 and a beta of 1.78.
DuPont (NYSE:DD) last released its quarterly earnings results 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. The company earned $7.10 billion during the quarter, compared to analysts’ expectations of $7.01 billion. DuPont had a return on equity of 24.59% and a net margin of 9.01%. DuPont’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, equities analysts anticipate that DuPont will post $3.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 11th. DuPont’s dividend payout ratio (DPR) is 60.32%.
In other news, EVP Christopher Marc Doyle sold 5,422 shares of the stock in a transaction on Friday, August 26th. The stock was 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 SEC, which is available through this hyperlink. 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. Company insiders own 0.31% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Buffington Mohr McNeal bought a new stake in shares of DuPont during the first quarter valued at about $398,000. Virginia Retirement System bought a new stake in shares of DuPont during the first quarter valued at about $3,509,000. Tiemann Investment Advisors LLC boosted its stake in shares of DuPont by 1.5% in the first quarter. Tiemann Investment Advisors LLC now owns 4,180 shares of the company’s stock valued at $265,000 after buying an additional 60 shares during the last quarter. Compton Capital Management Inc. RI boosted its stake in shares of DuPont by 4.4% in the first quarter. Compton Capital Management Inc. RI now owns 4,710 shares of the company’s stock valued at $298,000 after buying an additional 200 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of DuPont by 3.4% in the first quarter. IFP Advisors Inc now owns 56,256 shares of the company’s stock valued at $3,562,000 after buying an additional 1,855 shares during the last quarter. Institutional investors and hedge funds own 70.29% 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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