Parthenon LLC held its stake in DuPont Co. (NYSE:DD) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,477 shares of the company’s stock at the end of the second quarter. Parthenon LLC’s holdings in DuPont were worth $1,392,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Factory Mutual Insurance Co. boosted its position in shares of DuPont by 67.6% in the first quarter. Factory Mutual Insurance Co. now owns 656,900 shares of the company’s stock worth $41,595,000 after buying an additional 265,000 shares during the period. Arvest Bank Trust Division boosted its stake in DuPont by 2.5% in the first quarter. Arvest Bank Trust Division now owns 178,428 shares of the company’s stock worth $11,298,000 after buying an additional 4,417 shares during the last quarter. Sanders Morris Harris Inc. bought a new stake in DuPont during the first quarter worth $329,000. Sii Investments Inc. WI boosted its stake in DuPont by 53.1% in the first quarter. Sii Investments Inc. WI now owns 13,155 shares of the company’s stock worth $831,000 after buying an additional 4,564 shares during the last quarter. Finally, Investment Centers of America Inc. boosted its stake in DuPont by 37.7% in the first quarter. Investment Centers of America Inc. now owns 15,827 shares of the company’s stock worth $999,000 after buying an additional 4,336 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.
DuPont Co. (NYSE:DD) traded up 1.11% during midday trading on Tuesday, hitting $67.26. 1,765,930 shares of the company were exchanged. The stock has a 50 day moving average of $68.64 and a 200 day moving average of $66.53. The firm has a market capitalization of $58.81 billion, a PE ratio of 26.75 and a beta of 1.82. DuPont Co. has a 1-year low of $47.43 and a 1-year high of $75.72.
DuPont (NYSE:DD) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.14. The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $7.01 billion. DuPont had a net margin of 9.01% and a return on equity of 24.59%. DuPont’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 earnings per share. On average, equities analysts predict that DuPont Co. will post $3.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Monday, August 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Thursday, August 11th. DuPont’s dividend payout ratio is currently 60.32%.
A number of analysts have weighed in on the stock. Vetr cut shares of DuPont from a “buy” rating to a “hold” rating and set a $66.68 target price on the stock. in a research note on Thursday, June 30th. Zacks Investment Research cut shares of DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet cut shares of DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $67.00 target price on shares of DuPont in a research note on Thursday, June 2nd. Finally, Barclays PLC reaffirmed a “neutral” rating on shares of DuPont in a research note on Thursday, July 28th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $69.15.
In other news, EVP Christopher Marc Doyle sold 5,422 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $69.53, for a total value of $376,991.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider James C. Jr. Collins sold 50,316 shares of the stock in a transaction on 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. 0.31% of the stock is currently owned by insiders.
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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