Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in DuPont Co. (NYSE:DD) by 4.8% during the second quarter, Holdings Channel reports. The fund owned 33,515 shares of the company’s stock after buying an additional 1,530 shares during the period. DuPont makes up approximately 1.2% of Livingston Group Asset Management CO operating as Southport Capital Management’s holdings, making the stock its 14th largest position. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in DuPont were worth $2,172,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DD. Adage Capital Partners GP L.L.C. increased its stake in shares of DuPont by 157.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,470,909 shares of the company’s stock valued at $346,418,000 after buying an additional 3,347,501 shares during the period. Bank of Montreal Can bought a new stake in shares of DuPont during the second quarter valued at approximately $42,410,000. Svenska Handelsbanken AB publ bought a new stake in shares of DuPont during the second quarter valued at approximately $29,030,000. State Street Corp increased its stake in shares of DuPont by 1.1% in the first quarter. State Street Corp now owns 39,212,995 shares of the company’s stock valued at $2,482,973,000 after buying an additional 423,988 shares during the period. Finally, HBK Investments L P increased its stake in shares of DuPont by 197.2% in the first quarter. HBK Investments L P now owns 610,938 shares of the company’s stock valued at $38,685,000 after buying an additional 405,341 shares during the period. Institutional investors and hedge funds own 70.29% of the company’s stock.
DuPont Co. (NYSE:DD) traded up 1.30% during midday trading on Monday, reaching $67.84. The company had a trading volume of 2,402,776 shares. The firm has a 50-day moving average price of $68.47 and a 200-day moving average price of $66.63. The company has a market capitalization of $59.31 billion, a price-to-earnings ratio of 26.98 and a beta of 1.78. DuPont Co. has a 52 week low of $50.71 and a 52 week high of $75.72.
DuPont (NYSE:DD) last announced its earnings results 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. The business earned $7.10 billion during the quarter, compared to analyst estimates of $7.01 billion. DuPont had a net margin of 9.01% and a return on equity of 24.59%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.18 EPS. Analysts expect that DuPont Co. will post $3.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Monday, August 15th were paid a dividend of $0.38 per share. 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 2.24%. DuPont’s dividend payout ratio is presently 60.32%.
DD has been the subject of several analyst reports. Vetr raised DuPont from a “strong sell” rating to a “sell” rating and set a $64.60 price objective for the company in a research note on Tuesday, July 26th. Zacks Investment Research downgraded DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. JPMorgan Chase & Co. downgraded DuPont from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $73.00 to $64.00 in a research report on Tuesday, June 28th. Deutsche Bank AG increased their price target on DuPont from $55.00 to $56.00 and gave the company a “sell” rating in a research report on Friday, August 12th. Finally, Barclays PLC reaffirmed a “neutral” rating on shares of DuPont in a research report on Thursday, July 28th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $69.51.
In other news, EVP Christopher Marc Doyle sold 5,422 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $69.53, for a total value of $376,991.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Benito Cachinero sold 58,958 shares of the company’s stock in a transaction 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. Company 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.
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont Co. (NYSE:DD).
Receive News & Ratings for DuPont Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont Co. and related companies with MarketBeat.com's FREE daily email newsletter.