Jensen Investment Management Inc. continued to hold its stake in DuPont Co. (NYSE:DD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,408 shares of the company’s stock at the end of the second quarter. Jensen Investment Management Inc.’s holdings in DuPont were worth $1,258,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Bridges Investment Management Inc. boosted its position in shares of DuPont by 21.7% in the first quarter. Bridges Investment Management Inc. now owns 16,250 shares of the company’s stock valued at $1,039,000 after buying an additional 2,895 shares during the period. Lodestar Investment Counsel LLC IL bought a new position in shares of DuPont during the first quarter valued at $448,000. KR Capital Partners I L P bought a new position in shares of DuPont during the first quarter valued at $3,228,000. Douglas Lane & Associates LLC bought a new position in shares of DuPont during the first quarter valued at $284,000. Finally, St. Johns Investment Management Company LLC boosted its position in shares of DuPont by 7.0% in the first quarter. St. Johns Investment Management Company LLC now owns 7,713 shares of the company’s stock valued at $488,000 after buying an additional 507 shares during the period. Institutional investors own 70.29% of the company’s stock.
Shares of DuPont Co. (NYSE:DD) traded down 0.10% on Wednesday, reaching $67.19. The company had a trading volume of 2,702,556 shares. DuPont Co. has a 52 week low of $47.43 and a 52 week high of $75.72. The firm has a market capitalization of $58.75 billion, a price-to-earnings ratio of 26.73 and a beta of 1.82. The stock’s 50 day moving average is $68.60 and its 200 day moving average is $66.53.
DuPont (NYSE:DD) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $7.01 billion. During the same quarter in the prior year, the business posted $1.18 EPS. DuPont’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts anticipate that DuPont Co. will post $3.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.52 dividend on an annualized basis and a yield of 2.26%. DuPont’s payout ratio is presently 60.32%.
Several equities analysts have recently weighed in on DD shares. Credit Suisse Group AG reiterated a “hold” rating and issued a $67.00 price target on shares of DuPont in a research report on Thursday, June 2nd. Vetr cut DuPont from a “buy” rating to a “hold” rating and set a $69.68 price target for the company. in a research report on Monday, June 6th. JPMorgan Chase & Co. cut DuPont from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $73.00 to $64.00 in a research report on Tuesday, June 28th. Zacks Investment Research cut DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Finally, Macquarie set a $71.00 price target on DuPont and gave the company a “neutral” rating in a research report on Thursday, July 21st. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $69.15.
In other news, EVP Christopher Marc Doyle sold 5,422 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $69.53, for a total transaction of $376,991.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Benito Cachinero sold 58,958 shares of the firm’s stock in a transaction dated 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. 0.31% of the stock is owned by company insiders.
DuPont Company Profile
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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