DuPont Co. (NYSE:DD)’s share price dropped 2% on Wednesday . The company traded as low as $61.12 and last traded at $61.71, with a volume of 2,654,170 shares traded. The stock had previously closed at $62.96.

DD has been the subject of a number of recent analyst reports. Vetr lowered shares of DuPont from a “buy” rating to a “hold” rating and set a $69.68 price objective for the company. in a report on Monday, June 6th. TheStreet upgraded shares of DuPont from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th. Jefferies Group restated a “hold” rating on shares of DuPont in a report on Thursday, May 19th. JPMorgan Chase & Co. lowered shares of DuPont from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $73.00 to $64.00 in a report on Tuesday, June 28th. Finally, Argus restated a “buy” rating on shares of DuPont in a report on Sunday, March 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. DuPont presently has an average rating of “Hold” and an average target price of $68.45.

The firm has a 50-day moving average of $66.39 and a 200 day moving average of $63.03. The stock has a market capitalization of $54.03 billion and a P/E ratio of 25.76.

The business also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, May 11th. This represents a $1.52 annualized dividend and a dividend yield of 2.46%.

A number of hedge funds and institutional investors have bought and sold shares of DD. FTB Advisors Inc. raised its position in DuPont by 0.6% in the fourth quarter. FTB Advisors Inc. now owns 15,278 shares of the company’s stock valued at $1,018,000 after buying an additional 92 shares during the last quarter. Wetherby Asset Management Inc. raised its position in DuPont by 7.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 16,154 shares of the company’s stock valued at $1,075,000 after buying an additional 1,071 shares during the last quarter. Smithfield Trust Co. raised its position in DuPont by 1.9% in the fourth quarter. Smithfield Trust Co. now owns 16,265 shares of the company’s stock valued at $1,083,000 after buying an additional 300 shares during the last quarter. Security National Bank of SO Dak raised its position in DuPont by 7.2% in the fourth quarter. Security National Bank of SO Dak now owns 16,339 shares of the company’s stock valued at $1,088,000 after buying an additional 1,095 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in DuPont by 2.1% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 18,920 shares of the company’s stock valued at $1,260,000 after buying an additional 383 shares during the last quarter.

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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