Papp L Roy & Associates continued to hold its position in DuPont Co. (NYSE:DD) during the second quarter, Holdings Channel reports. The institutional investor owned 4,453 shares of the company’s stock at the end of the second quarter. Papp L Roy & Associates’ holdings in DuPont were worth $289,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. 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 during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 valued at $1,449,080,000 after buying an additional 66,784 shares in the last quarter. Trian Fund Management L.P. increased its stake in shares of DuPont by 1.3% in the first quarter. Trian Fund Management L.P. now owns 20,485,262 shares of the company’s stock valued at $1,297,127,000 after buying an additional 261,187 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of DuPont by 2.1% in the first quarter. Geode Capital Management LLC now owns 7,237,054 shares of the company’s stock valued at $457,342,000 after buying an additional 149,132 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in shares of DuPont by 5.2% in the first quarter. BlackRock Group LTD now owns 6,990,264 shares of the company’s stock valued at $442,624,000 after buying an additional 348,447 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.
Shares of DuPont Co. (NYSE:DD) traded down 1.42% on Tuesday, hitting $66.88. 2,923,153 shares of the company’s stock traded hands. The company has a market cap of $58.47 billion, a price-to-earnings ratio of 26.60 and a beta of 1.78. DuPont Co. has a 1-year low of $50.71 and a 1-year high of $75.72. The firm’s 50-day moving average price is $68.47 and its 200 day moving average price is $66.63.
DuPont (NYSE:DD) last issued its quarterly 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 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%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. On average, equities research analysts expect that DuPont Co. will post $3.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 15th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.52 annualized dividend and a yield of 2.27%. DuPont’s dividend payout ratio (DPR) is 60.32%.
DD has been the topic of several recent research reports. Zacks Investment Research downgraded shares of DuPont from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Citigroup Inc. upgraded shares of DuPont from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $72.00 to $76.00 in a research report on Monday. Vetr downgraded shares of DuPont from a “buy” rating to a “hold” rating and set a $69.68 price objective on the stock. in a research report on Monday, June 6th. Barclays PLC lifted their price objective on shares of DuPont from $67.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. Finally, Deutsche Bank AG lifted their price objective on shares of DuPont from $55.00 to $56.00 and gave the company a “sell” rating in a research report on Friday, August 12th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $69.51.
In other DuPont news, SVP Benito Cachinero sold 58,958 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $70.36, for a total transaction of $4,148,284.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James C. Jr. Collins sold 50,316 shares of the business’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $70.30, for a total value of $3,537,214.80. The disclosure for this sale can be found here. Corporate 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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