Genesee Valley Trust Co. raised its position in shares of DuPont Co. (NYSE:DD) by 99.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,674 shares of the company’s stock after buying an additional 4,814 shares during the period. Genesee Valley Trust Co.’s holdings in DuPont were worth $627,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. State Street Corp increased its position in DuPont by 1.1% in the first quarter. State Street Corp now owns 39,212,995 shares of the company’s stock worth $2,482,973,000 after buying an additional 423,988 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in DuPont by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 22,885,023 shares of the company’s stock worth $1,449,080,000 after buying an additional 66,784 shares in the last quarter. Trian Fund Management L.P. increased its position in DuPont by 1.3% in the first quarter. Trian Fund Management L.P. now owns 20,485,262 shares of the company’s stock worth $1,297,127,000 after buying an additional 261,187 shares in the last quarter. Geode Capital Management LLC increased its position in DuPont by 2.1% in the first quarter. Geode Capital Management LLC now owns 7,237,054 shares of the company’s stock worth $457,342,000 after buying an additional 149,132 shares in the last quarter. Finally, BlackRock Group LTD increased its position in DuPont by 5.2% in the first quarter. BlackRock Group LTD now owns 6,990,264 shares of the company’s stock worth $442,624,000 after buying an additional 348,447 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.
DuPont Co. (NYSE:DD) traded down 0.37% on Monday, reaching $66.52. The company’s stock had a trading volume of 2,440,441 shares. The company has a market cap of $58.16 billion, a P/E ratio of 26.46 and a beta of 1.82. DuPont Co. has a 12 month low of $47.11 and a 12 month high of $75.72. The company has a 50-day moving average price of $68.70 and a 200 day moving average price of $66.50.
DuPont (NYSE:DD) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.01 billion. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, equities research analysts anticipate that DuPont Co. will post $3.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Thursday, August 11th. DuPont’s dividend payout ratio (DPR) is 60.32%.
A number of research firms recently commented on DD. Vetr downgraded DuPont from a “buy” rating to a “hold” rating and set a $66.68 price objective on the stock. in a report on Thursday, June 30th. TheStreet downgraded DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Credit Suisse Group AG restated a “hold” rating and issued a $67.00 price objective on shares of DuPont in a report on Thursday, June 2nd. Barclays PLC reiterated a “neutral” rating on shares of DuPont in a report on Thursday, July 28th. Finally, Macquarie set a $71.00 price target on DuPont and gave the company a “neutral” rating in a report 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 issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $69.15.
In other news, EVP Christopher Marc Doyle sold 5,422 shares of DuPont stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Benito Cachinero sold 58,958 shares of DuPont stock in a transaction that occurred on Wednesday, August 24th. The stock was 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. 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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