Argyle Capital Management Inc. held its stake in DuPont Co. (NYSE:DD) during the second quarter, Holdings Channel reports. The firm owned 47,208 shares of the company’s stock at the end of the second quarter. DuPont comprises approximately 1.3% of Argyle Capital Management Inc.’s investment portfolio, making the stock its 29th largest position. Argyle Capital Management Inc.’s holdings in DuPont were worth $3,059,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of 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 in the last quarter. CrestPoint Capital Management LLC purchased a new stake in DuPont during the second quarter valued at $201,000. Rockland Trust Co. purchased a new stake in DuPont during the second quarter valued at $218,000. EP Wealth Advisors Inc. purchased a new stake in DuPont during the first quarter valued at $226,000. Finally, Windward Capital Management Co. CA boosted its stake in DuPont by 4.2% in the second quarter. Windward Capital Management Co. CA now owns 3,866 shares of the company’s stock valued at $251,000 after buying an additional 157 shares in the last quarter. 70.29% of the stock is owned by institutional investors and hedge funds.
Shares of DuPont Co. (NYSE:DD) traded down 1.22% during trading on Thursday, hitting $66.37. The company had a trading volume of 1,884,993 shares. The firm has a market capitalization of $58.03 billion, a P/E ratio of 26.40 and a beta of 1.82. DuPont Co. has a 1-year low of $47.43 and a 1-year high of $75.72. The company’s 50 day moving average is $68.52 and its 200 day moving average is $66.53.
DuPont (NYSE:DD) last issued its earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.14. The business earned $7.10 billion during 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%. DuPont’s revenue for the quarter 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. Analysts anticipate 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. Shareholders of record on Monday, August 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.29%. The ex-dividend date was Thursday, August 11th. DuPont’s dividend payout ratio is currently 60.32%.
DD has been the subject of several research analyst reports. Vetr raised DuPont from a “hold” rating to a “buy” rating and set a $69.68 target price for the company in a research note on Monday, June 13th. Barclays PLC boosted their target price on DuPont from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Credit Suisse Group AG reissued a “hold” rating and set a $67.00 target price on shares of DuPont in a research note on Thursday, June 2nd. Zacks Investment Research downgraded DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, TheStreet downgraded DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Four 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $69.15.
In other news, insider James C. Jr. Collins sold 50,316 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $70.30, for a total transaction of $3,537,214.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher Marc Doyle sold 5,422 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $69.53, for a total value of $376,991.66. 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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