DuPont Co. (NYSE:DD) has earned an average rating of “Hold” from the nineteen analysts that are covering the stock. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $69.22.
DD has been the subject of a number of research analyst reports. Vetr upgraded 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. JPMorgan Chase & Co. lowered DuPont from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $73.00 to $64.00 in a research note on Tuesday, June 28th. Zacks Investment Research lowered DuPont from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Macquarie set a $71.00 price objective on DuPont and gave the company a “neutral” rating in a research note on Thursday, July 21st. Finally, Barclays PLC lifted their price objective on DuPont from $67.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 27th.
DuPont (NYSE:DD) opened at 68.35 on Wednesday. DuPont has a 52 week low of $50.71 and a 52 week high of $75.72. The company’s 50-day moving average price is $68.40 and its 200-day moving average price is $66.70. The company has a market capitalization of $59.76 billion, a price-to-earnings ratio of 27.19 and a beta of 1.78.
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 Zacks’ consensus estimate of $1.10 by $0.14. The company 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%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. Equities analysts forecast that DuPont will post $3.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Monday, August 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.22%. The ex-dividend date was Thursday, August 11th. DuPont’s payout ratio is 60.32%.
In other news, insider James C. Jr. Collins sold 50,316 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Benito Cachinero sold 58,958 shares of the business’s 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. 0.31% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of DD. Pinkerton Retirement Specialists LLC boosted its position in shares of DuPont by 5,435.3% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,882 shares of the company’s stock valued at $122,000 after buying an additional 1,848 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in shares of 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. Exchange Capital Management Inc. bought a new position in shares of DuPont during the second quarter valued at $147,000. Bellwether Investment Group LLC bought a new position in shares of DuPont during the second quarter valued at $154,000. Finally, Point72 Asia Hong Kong Ltd boosted its position in shares of DuPont by 575.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,700 shares of the company’s stock valued at $175,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.
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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