DuPont Co. (NYSE:DD) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 10,601,720 shares, a drop of 27.0% from the September 15th total of 14,516,689 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 3,023,363 shares, the days-to-cover ratio is presently 3.5 days.
In other news, insider James C. Jr. Collins sold 50,316 shares of the firm’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Benito Cachinero sold 58,958 shares of the firm’s stock in a transaction dated 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 company insiders.
Several large investors have recently added to or reduced their stakes in DD. Pinkerton Retirement Specialists LLC boosted its stake 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 worth $122,000 after buying an additional 1,848 shares during the period. Integrated Investment Consultants LLC boosted its stake 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 worth $133,000 after buying an additional 191 shares during the period. Exchange Capital Management Inc. bought a new stake in shares of DuPont during the second quarter worth approximately $147,000. Bellwether Investment Group LLC bought a new stake in shares of DuPont during the second quarter worth approximately $154,000. Finally, Point72 Asia Hong Kong Ltd boosted its stake 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 worth $175,000 after buying an additional 2,300 shares during the period. Institutional investors and hedge funds own 70.30% of the company’s stock.
Shares of DuPont (NYSE:DD) opened at 68.66 on Tuesday. DuPont has a 52-week low of $50.71 and a 52-week high of $75.72. The firm has a 50-day moving average price of $68.17 and a 200-day moving average price of $66.93. The stock has a market cap of $60.03 billion, a P/E ratio of 27.31 and a beta of 1.78.
DuPont (NYSE:DD) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.14. The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $7.01 billion. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. On average, analysts anticipate that DuPont will post $3.19 EPS for the current fiscal year.
DD has been the topic of several analyst reports. Vetr raised DuPont from a “hold” rating to a “buy” rating and set a $69.68 target price on the stock in a report on Monday, June 27th. Citigroup Inc. raised DuPont from a “neutral” rating to a “buy” rating and raised their target price for the stock from $72.00 to $76.00 in a report on Monday, October 3rd. Barclays PLC raised their target price on DuPont from $67.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 27th. TheStreet lowered DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, Zacks Investment Research lowered DuPont from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $70.73.
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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