Huntington National Bank cut its position in DuPont Co. (NYSE:DD) by 26.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 170,771 shares of the company’s stock after selling 62,109 shares during the period. Huntington National Bank’s holdings in DuPont were worth $11,066,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Union Bankshares Corp boosted its position in shares of DuPont by 0.7% in the second quarter. Union Bankshares Corp now owns 4,497 shares of the company’s stock worth $291,000 after buying an additional 32 shares in the last quarter. Wagner Bowman Management Corp raised its stake in shares of DuPont by 1.9% in the second quarter. Wagner Bowman Management Corp now owns 3,995 shares of the company’s stock worth $258,000 after buying an additional 75 shares during the last quarter. Pitcairn Co. raised its stake in shares of DuPont by 1.1% in the second quarter. Pitcairn Co. now owns 7,087 shares of the company’s stock worth $459,000 after buying an additional 77 shares during the last quarter. Investment House LLC raised its stake in shares of DuPont by 1.4% in the second quarter. Investment House LLC now owns 5,909 shares of the company’s stock worth $383,000 after buying an additional 84 shares during the last quarter. Finally, Conning Inc. raised its stake in shares of DuPont by 0.3% in the second quarter. Conning Inc. now owns 40,289 shares of the company’s stock worth $2,611,000 after buying an additional 110 shares during the last quarter. 70.29% of the stock is currently owned by institutional investors.
DuPont Co. (NYSE:DD) traded down 0.22% during mid-day trading on Wednesday, hitting $68.79. 952,297 shares of the stock traded hands. DuPont Co. has a 12 month low of $50.71 and a 12 month high of $75.72. The stock has a 50-day moving average price of $68.35 and a 200-day moving average price of $66.79. The stock has a market cap of $60.14 billion, a P/E ratio of 27.36 and a beta of 1.78.
DuPont (NYSE:DD) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the 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 company earned $7.10 billion during the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter in the prior year, the company earned $1.18 EPS. DuPont’s revenue was down .8% compared to the same quarter last year. On average, equities analysts forecast that DuPont Co. will post $3.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 15th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.52 annualized dividend and a yield of 2.20%. DuPont’s dividend payout ratio is presently 60.32%.
A number of brokerages have issued reports on DD. Vetr lowered DuPont from a “buy” rating to a “hold” rating and set a $69.68 price target for the company. in a research note on Monday, June 20th. Barclays PLC reiterated a “neutral” rating on shares of DuPont in a research note 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 research note 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 research note on Friday, August 12th. Finally, TheStreet lowered DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $70.73.
In related news, EVP Christopher Marc Doyle sold 5,422 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $69.53, for a total transaction of $376,991.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James C. Jr. Collins sold 50,316 shares of the company’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $70.30, for a total transaction of $3,537,214.80. The disclosure for this sale can be found here. Corporate 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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