Prentiss Smith & Co. Inc. maintained its position in DuPont Co. (NYSE:DD) during the second quarter, Holdings Channel reports. The fund owned 2,775 shares of the company’s stock at the end of the second quarter. Prentiss Smith & Co. Inc.’s holdings in DuPont were worth $180,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC boosted its stake in DuPont by 10.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,050 shares of the company’s stock valued at $133,000 after buying an additional 191 shares during the last quarter. CrestPoint Capital Management LLC acquired a new stake in DuPont during the second quarter valued at about $201,000. Ariel Capital Advisors LLC acquired a new stake in DuPont during the second quarter valued at about $201,000. Rockland Trust Co. acquired a new stake in DuPont during the second quarter valued at about $218,000. Finally, EP Wealth Advisors Inc. acquired a new stake in DuPont during the first quarter valued at about $226,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.
Shares of DuPont Co. (NYSE:DD) traded up 1.44% during midday trading on Thursday, reaching $69.06. 2,188,250 shares of the company’s stock were exchanged. DuPont Co. has a one year low of $50.71 and a one year high of $75.72. The firm has a market cap of $60.38 billion, a PE ratio of 27.47 and a beta of 1.78. The stock’s 50-day moving average is $68.42 and its 200 day moving average is $66.66.
DuPont (NYSE:DD) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that DuPont Co. will post $3.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were issued 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 2.20%. DuPont’s payout ratio is 60.32%.
DD has been the topic of several research reports. Vetr cut DuPont from a “buy” rating to a “hold” rating and set a $66.68 price objective on the stock. in a research report on Thursday, June 30th. TheStreet cut DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Barclays PLC reaffirmed a “neutral” rating on shares of DuPont in a research report on Thursday, July 28th. Macquarie set a $71.00 price objective on DuPont and gave the company a “neutral” rating in a research report on Thursday, July 21st. Finally, JPMorgan Chase & Co. cut DuPont from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $73.00 to $64.00 in a research report on Tuesday, June 28th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $69.51.
In other news, insider James C. Jr. Collins sold 50,316 shares of DuPont stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $70.30, for a total value of $3,537,214.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Benito Cachinero sold 58,958 shares of DuPont stock in a transaction dated Wednesday, August 24th. The shares were 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.
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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